What is PAN CARD ??
Introduction A PAN (Permanent Account Number) card is a unique 10-digit alphanumeric identity card that is issued by the Indian Income Tax Department. This card is used to track financial transactions of individuals and organizations in India. Every taxpayer in India is required to obtain a PAN card to file their income tax returns and carry out various financial transactions. In this blog, we will provide you with detailed knowledge about the PAN card. Why is a PAN card necessary? A PAN card is necessary for various financial transactions such as opening a bank account, buying or selling property, making investments, filing income tax returns, etc. It helps in tracking all financial transactions and ensures that taxes are paid on time. How to apply for a PAN card? One can apply for a PAN card online or offline. Here are the steps for both: Online application: Visit the official website of NSDL or UTIITSL. Fill in the application form and submit it. Pay the application fee online. Up