Pan Card or Permanent Account Number (PAN) is a laminated card with ten – digit alphanumeric number issued by the Income Tax Department under the supervision of the Central Board of Direct Taxes to anyone who applies for the same. It serves as an identity proof. It is a mandatory official identity proof for any sort of financial transactions above specified limits of the government. It is a universal identification key that helps the Income Tax Department to track and prevent any sort of tax evasion.