Benefits of obtaining a Permanent Account Number [PAN] and PAN Card

A PAN number has been made compulsory for every transaction with the Income Tax department. It is also mandatory for numerous other financial transactions such as

  1. opening of bank accounts, 
  2. availing institutional financial credits, 
  3. purchase of high-end consumer item, 
  4. foreign travel, 
  5. transaction of immovable properties, 
  6. dealing in securities etc.
  7. for registration of sales tax/Vat Numbr
  8. For registration of sales Tax number
  9. to get excise registration  
  10. and From 01.04.2010 pan can reduce your Tax deduction rate to zero from 20%
A PAN card is a valuable means of photo identification accepted by all government and non-government institutions in the country.


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