The 5th character of the PAN indicate
A. first letter of the first name of the assessee
B. first letter of the middle name of the assessee
C. last letter of the first name of the assessee
D. first letter of the last name of the assessee
Answer: Option D
Solution (By Examveda Team)
The correct answer is Option D: first letter of the last name of the assessee.Here's why:
A PAN (Permanent Account Number) is a 10-character alphanumeric identifier.
The 5th character specifically provides information about the PAN holder's identity.
If the PAN is for an individual, the 5th character represents the first letter of their last name (surname).
The other options are incorrect because:
Option A: The PAN doesn't use the first letter of the first name in the 5th position.
Option B: The PAN doesn't use the first letter of the middle name.
Option C: The PAN doesn't use the last letter of the first name.
This Question Belongs to Commerce >> Income Tax And Corporate Tax
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Comments (1)
A. 3, 4 and 5
B. 2, 4 and 5
C. 1, 2 and 3
D. 1, 3 and 5
Entertainment allowance for non-government employees are:
A. Fully exempted
B. Fully taxable
C. Partially taxable
D. Fully exempted in specified
E. Partially exempted in selected areas
In tax laws, donation to approved and notified association for scientific research is allowed as:
A. 125% of the donation
B. 100% of the donation
C. 175% of the donation
D. 150% of the donation
A. Both the Statements (I) and (II) are correct
B. Statement (I) is correct, but (II) is incorrect
C. Both Statements (I) and (II) are incorrect
D. Statement (II) is correct, but (I) is incorrect
Wrong answer
first latter of last name is correct