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.
PANIND Services Unit No. 5, Site 4, Vikaspuri,
Email : email@example.com
We Receive applications Worldwide
Where quoting PAN is necessary
All existing assessees or taxpayers or persons who are required to furnish a return of income, either on behalf of self or others, must obtain PAN.
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.