creating business account in india PAN problem

mrafeeq
New Community Member

while creating business paypal account in india it is asking for business details, business owner details and PAN number is it for the business or business owner (PAN Details). It is very confusing. 

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snowshoe
Frequent Advisor
Frequent Advisor

Permanent Account Number (PAN) is unique alphanumeric combination issued to all juristic entities identifiable under the Indian Income Tax Act 1961. It is issued by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT) and it also serves as an important ID proof.

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