All the college graduates, and other those who will start working and earning this year must have wondered about getting a PAN card. If you have not thought about it, then its high time to do so.
What is a PAN Card.
PAN refers to Permanent account number (a 10 digit alphanumeric number) laminated card much similar in look to a credit card or your driving license. This card is issued by Incom tx department of India.
Who all require to have this PAN Card.
All those who will be filing their Income tax returns are required to have a PAN number. It is a must to have a PAN number as you are required to quote this number while filing your tax returns. You will be asked to quote it whenever you have any kind of correspondence with Income Tax Department. It is also mandatory to mention PAN for obtaining a telephone or cellulartelephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or for depositing cash of Rs. 50,000/- or more in a Bank.
So, in simple words all the people who will start earning this year must apply for a PAN number. Its time to apply for PAN Card.
What is a PAN Card.
PAN refers to Permanent account number (a 10 digit alphanumeric number) laminated card much similar in look to a credit card or your driving license. This card is issued by Incom tx department of India.
Who all require to have this PAN Card.
All those who will be filing their Income tax returns are required to have a PAN number. It is a must to have a PAN number as you are required to quote this number while filing your tax returns. You will be asked to quote it whenever you have any kind of correspondence with Income Tax Department. It is also mandatory to mention PAN for obtaining a telephone or cellulartelephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or for depositing cash of Rs. 50,000/- or more in a Bank.
So, in simple words all the people who will start earning this year must apply for a PAN number. Its time to apply for PAN Card.
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