Income Tax Registration is the process through which an individual or business is assigned a unique Permanent Account Number (PAN) by the Income Tax Department. This registration is necessary for paying taxes, filing returns, and other financial activities that involve taxation. PAN is used for tracking the financial transactions of individuals and businesses and is mandatory for anyone involved in taxable income or business.

Once registered, individuals or businesses must file Income Tax Returns (ITR) annually, reporting their income, deductions, and tax liability to the Income Tax Department.