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Six Things Every PAN Card Holder Should Know About PAN Card

By on November 10, 2016
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Six Things Every PAN Card Holder Should Know About PAN Card. Permanent Account Number also called as PAN is issued by Income Tax Department of India to its eligible citizens to carry out upper limit financial transactions.  It is not just used as a identify proof, but also is used to make lot of financial transactions.  There are many doubts among people about the user of PAN Card.  Today we are here to clear six things about the PAN Card.




When PAN Card should be used?

PAN Card comes into action when we open a bank account to deposit more than Rs 50, 000 or take DD or Cheque, purchasing a property, buying a vehicle, starting a firm etc, while paying income tax etc.

Who should mandatorily have PAN Card

PAN card is mandatory for those who need to pay income tax, who on others behalf have to apply for the return the income tax etc.

Where to apply for PAN Card?

There are IT PAN services in many big cities from where you can get your PAN Card by applying.

What are the things that are needed to apply for PAN?

  • One passport size color photo
  • 107 demand draft
  • ID proof Xerox
  • Resident proof Xerox




For ID Proof

  • School Leaving Certificate
  • 10th marks list
  • Certified Degree from college
  • Depository account statement
  • Credit card statement
  • Water bill
  • Bank account statement or passbook
  • Ration card
  • Property Tax Assistant Order
  • Passport
  • Voter ID
  • Driving license

For Resident address proof

  • Current bill
  • Telephone bill
  • Depository account statement
  • Credit card statement
  • Bank
  • Bank account statement or passbook
  • Rent receipt
  • Employer certificate
  • Passport
  • Voter ID
  • Property tax assistant order
  • Driving license
  • Raton card

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