How to Apply for PAN Card Online

A PAN Card or permanent account number is an essential document for every taxpaying Indian. It is a specific 10-digit number identity allotted to people by the Income Tax Department under the guidance of the Central Board of Direct Taxes. It is used to track financial transactions and assess the tax liability of eligible candidates. Also, it works as an identity proof and is used to carry out financial transactions, such as mutual fund investments, purchase or sale of assets above specific limits, and more. Importance of a PAN Card Having a PAN Card has become compulsory now for many day-to-day transactions. Apart from tax filing, the card serves a few other purposes as well. Some of the reasons why a PAN card is necessary for every Indian are: - ● IT returns filing ● Opening a bank account ● Buying or selling a property ● ...