Pan Card | Use Of Pan Card 

What Is Pan Card: Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department under the auspices of the Central Board for Direct Taxes (CBDT) and is almost equivalent to a national identification number. It also serves as an important ID proof.The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states.

What is the use of Pan card: It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department.It's also mandatory for other financial transactions such as opening a bank account, receiving taxable salary , sale or purchase of assets above specified limits .

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