PAN stands for Permanent Account Number (PAN) which is a ten-digit alphanumeric number, issued by the Income Tax Authority of India; in the form of a laminated card. It is mandatory to quote PAN on return of income & in all documents pertaining to financial & investment related transactions. PAN is now compulsory for everyone [...]
What is a PIO Card? The Indian Government announced in September 2002 the launch of Person of India Origin Card that allows visa free entry in India for Indian origin people living across the world. It also promises to give almost all the rights that are enjoyed by Non-Resident Indians (NRIs) including the purchase of [...]
Its hard to explain advantages and disadvantages of having a pan – permanent account number. However, here are some benefits of having a PAN card: PAN number acts as an Identity proof, showing your relation to India. Even if you don’t file taxes in India, you should still have a pan card. Sale or purchase [...]
