We now started the 'PAN CARD' serices for our customers.
It is Compulsory to quote PAN on return of income, all
correspondence with any income tax authority and challans for any payments due
to Income Tax Department.
is also compulsory to quote PAN in all documents pertaining to economic or
financial transactions notified from time-to-time by the Central Board of
Direct Taxes. Some such transactions are sale and purchase of immoable
property or motor ehicle or payments to hotels for bills or payments in cash,
of amounts exceeding Rs. 25,000/-, in connection with trael to any foreign
country. It is also preferred to mention PAN for obtaining a telephone or
cellular telephone connection.
PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a
Bank or Post Office or depositing cash of Rs. 50,000/- or more in a Bank. PAN
card is a must document for eery Indian citizen and business, as it acts as a
proof of identity alongwith being a must for major financial transactions.