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Why is it necessary to have PAN card?

It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department.

 

It is also compulsory to quote PAN in all documents pertaining to the following financial transactions.

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Why is it necessary to have PAN card?

July 29, 2013

It is mandatory to quote PAN on challans for any payments due to Income Tax Department.

Rules as per the Income Tax Department of India Website