What are the uses of Pancard?
A PAN (Permanent Account Number) card is a crucial document in India with several important uses.
- Its primarily used for tracking and managing tax obligations. Pancard is required for filing income tax return and for various tax- related transactions.
- Its essential for opening bank account, making high value transaction, and applying for loans or credit cards.
- Pancard is needed for investing in stock, mutual funds, and other securities.
- Various government services and benefits require Pancard for identity verification and processing.
- Pancard can serve as proof income, which is useful for employment and other financial dealings.
- Pancard is needed for appling for certain licenses and registrations, such as a driving license, passport, and business registrations.
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