PAN is mandatory for financial transactions such as receiving taxable salary or professional fees, sale or purchase of assets above specified limits, buy mutual funds and more. It also serves as an identity proof.
PAN BHARAT E-7 Saraswati Garden Opposite, Oriental Bank of Commerce,
Mansarover Garden Delhi - 110015
Email : email@example.com
We Receive applications Worldwide
Where PAN is Necessary
PAN (Permanent Account Number) is mandatory for all existing assesses or taxpayers or persons who are required to furnish a return of income, either on behalf of self or others. Any person, who intends to enter into economic or financial transactions where quoting PAN is mandatory, must also obtain PAN.
Sale/Purchase of Immovable Property valued more than 10 lakh.
Sale/Purchase of all four-wheeler vehicles.
Time Deposit with banks aggregating more than 5 lakh per annum.
Opening an account with a banking company.
Cash purchase of bank drafts/pay orders/banker’s cheques exceeding 50,000 a day.
Payment of mutual funds exceeding 50,000.
Payment of Life Insurance Premium exceeding 50,000 a year.
Purchase/Sales of goods/services exceeding 2 lakh per transaction.
For getting Subsidy on Gas Cylinders/PNG.
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