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In India, PAN is a widely recognized form of identification. Every Indian PAN card holder has a unique PAN. It connects every financial transaction a certain person or organization makes.
A PAN is usually needed in order to open a bank account and is needed for other types of financial activities. You also need to include a quote for your PAN on your income tax return.
You must get a PAN if you are an NRI and want to take advantage of lower- or no-deduction benefits in India. In India, PAN is required for the purchase or sale of real estate.
Quick Checklist
Self-Attested Address Proof (Electricity Bill/Latest Bank Statement/Mobile Bill) (not older than 2 months)
Self-attested ID Proof (Driving License/Passport/Voter ID/Adhar Card)
The most obvious form of identification is the Permanent Account Number (PAN Card). The PAN card is issued by the Indian Tax Department, which also controls the economy and keeps an eye on income tax returns. Therefore, having a PAN card is required for everyone, whether they are Indian or not. According to the Know Your Customer guidelines, government and private companies can be identified using the PAN.
Yes, you can use the Internet to apply for a new PAN allotment.
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