How do I make a PAN card and what are its benefits?

To make a PAN (Permanent Account Number) card in India, you can follow the below steps:

  1. Visit our official website
  2. Click on the ‘Apply for New PAN Card’ tab on the homepage.
  3. Select the ‘New PAN’ option, fill in the required details such as name, date of birth, address, etc. and submit the application.
  4. You will be directed to make the payment for the PAN card application. You can pay the fees using net banking, credit/debit card or demand draft.
  5. After successful payment, you will be required to send a printed application document with a sign and your photograph, signature and the required documents such as proof of identity, address and date of birth.
  6. Once all the documents are verified, the PAN card will be dispatched to the address provided by you.

The benefits of having a PAN card are as follows:

  1. The PAN card serves as a unique identification number for all financial transactions, including the filing of income tax returns, opening a bank account, applying for a credit card, and investing in securities.
  2. It helps track and maintain the financial transactions of individuals and organizations, which in turn helps prevent tax evasion and money laundering.
  3. The PAN card is now mandatory for all high-value transactions, such as buying or selling property, and vehicles, and for making cash deposits above a specific limit.
  4. It is required to be quoted in various forms and applications, such as TDS (Tax Deducted at Source) statements, TCS (Tax Collected at Source) statements, and other documents related to taxes.
  5. A PAN card serves as valid identity proof and can be used as an alternative to an Aadhaar card or driving license.
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