Now you will not be able to do many things without a PAN card, so if you have not made your PAN card yet, then get it done soon because in India PAN card is used as a photo identity card.
New Delhi. Apart from Aadhaar, PAN card is also mandatory in government documents. Now you will not be able to do many things without a PAN card, so if you have not made your PAN card yet, then get it done soon because in India PAN card is used as a photo identity card. Along with this, in today’s time, PAN card is also used in cash transactions. That’s why today we tell you where it is necessary to use PAN-
1. Cash Transaction – In today’s time, if you do a transaction of more than 2.5 lakhs, then you will not be able to do it without a PAN card.
2. In starting a business – If you are thinking about starting a business, then it is very important for you to have this card because now it is not possible to start a business without a PAN card.
3. To buy a vehicle – If you want to buy a car, bike or any vehicle of any kind, then it is necessary to have PAN card at that time also.
4. On Selling Property – Along with this, if you want to sell an immovable property worth more than Rs 10 lakh, then this card is also necessary for you.
5. For goods worth more than 2 lakhs – On the other hand, if you want to buy goods worth more than 2 lakhs, then it is necessary to give PAN.
6. In opening a bank account – It is most important for you to have a PAN card even to open a bank account.
7. For Life Insurance – If you take life insurance of more than 50 thousand, then PAN card is also necessary for that.
8. To invest – Now if you want to invest anywhere or want to invest in bonds, foreign currency anywhere, then this is very important for that too.
9. Unlisted Shares – Now if you want to buy more than one lakh unlisted shares, then you must have a PAN card.
Let us tell you that according to the new rules, from May 31, 2019, it is necessary for you to have your PAN number. You will not be able to do any work without a PAN number, so if you have not yet made a PAN card, then get it done soon. Also, let us tell you that PAN card is issued by the Income Tax Department.
