Need A Financial Product Forums Tax Savings Why are PAN cards Important?

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    Jaidev More

    Why are PAN cards Important?


    Vikram Patil

    Although in India PAN or permanent account number is not mandatory for any individual. However the individual who liable to tax or assesses or persons who are required to file a return of income even on behalf of others, he or she must have a PAN or permanent account number. Any person who earns taxable income in India must file return and obtain PAN. Additionally, if any person, who intends to enter into any kind of financial transaction where mentioning of permanent account number is compulsory , then he/she must have a or permanent account number

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