Nowadays, one's permanent account number (PAN) must be provided in nearly all financial activities. But not many individuals, including me, were aware that receiving certain tax benefits on home loans required mentioning the bank's PAN. I have opted for a home loan from the Indian Overseas bank. I was a little perplexed regarding what is the PAN number of Indian Overseas bank. Furthermore, it could be challenging to locate the proper PAN for the bank.
After my research, I discovered that the PAN number of Indian Overseas bank is AAACI1223J.
The employee must provide specific information to the employer as of June 1, 2016, in order to receive the tax benefits on salary income under Rule 26C of the Income Tax Act. For the purpose of claiming tax advantages or rebates on purchases and expenses, the employee must complete Form 12BB and deliver it to the employer.
Form 12BB basically serves as an employee's claim for tax deductions for housing rent expenditures (HRE), chapter VIA deductions (such as Section 80C and 80D), and leave travel expenses (LTE). Form 12BB must contain specific loan-related information, such as;
Interest payable/paid to the lender (during the financial year)
Name of the lender
Address of the lender
Permanent Account Number (PAN) of the lender
I hope this answer suffices your query about the PAN number of Indian Overseas bank. I hope this helps:)
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Authors Of The Question
What Is The PAN Number Of Indian Overseas Bank?
Riya
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1 Year
2023-02-27T17:26:32+00:00 2023-02-27T17:38:08+00:00Comment
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