Final answer:
PAN with RO under mand incs stands for Permanent Account Number with Resident Office under Mandatory Inclusion. It is a code issued by the Income Tax Department of India for financial transactions and is mandatory for certain individuals.
Step-by-step explanation:
PAN with RO under mand incs stands for Permanent Account Number with Resident Office under Mandatory Inclusion. PAN is a unique ten-character alphanumeric code that is issued by the Income Tax Department of India. It is used for various financial transactions and is mandatory for certain individuals.
The term RO refers to the Resident Office, which is a branch or establishment of a company that is located in India and represents the company's interests in the country.
Mandatory Inclusion refers to the requirement for individuals and entities to be included in certain documents or processes, in this case, the mandatory inclusion of the Resident Office in the Permanent Account Number.