PAN CARD, is it a necessity why?

Sarkari Suvidha02 Sep, 2022Other

Apply for a pan card online as you must have one to file income tax returns, deduct taxes at source, and engage in any other activity involving the Income Tax Department. A PAN card is now a requirement from the government if you want to create a new bank account, landline or mobile phone connection, Demat account, purchase foreign currency, deposit more than 50,000 in a bank account, purchase and sell immovable properties, automobiles, etc.