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Understanding About PAN-Permanent Account Number

Income Tax - 29-Mar-2019

Obtaining PAN is may be optional or voluntary like passport, driving license, Aadhaar etc. However, its use is mandatory at required places, like PAN for high-value financial transactions, Driving License for motor driving, passport for foreign travel and more. For payment of direct taxes To file income tax returns To avoid deduction of tax at higher rate than due To enter into specific transaction such as: (a) Sale or purchase of immovable property value exceeding specified...

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