All individuals and entities who have taxable income are required to file their IT returns. A PAN card is a precondition for filing of IT returns and is the main reason to apply for one.
A PAN card is required in order to open a new bank account, be it a savings or a current account. All banks, require the submission of a PAN card as a pre-required document in order to open an account with them.
If someone requires a loan, one needs to submit details of PAN at the time of applying for a loan . All loans, from education loans to personal loans require PAN details for the loan to be approved.
PROOF OF IDENTITY
A PAN card is accepted as valid proof of identity in the country, It can be used as proof of identity while applying for,passport, voter ID card, driving license, electricity connection, etc.
If some one wants to invest in securities, one would have to furnish PAN details for any transactions amounting to above Rs. 50, 000.
If one wish to travel abroad and want to convert Indian currency into foreign currency, one is required to provide details of PAN at the money exchange bureau/bank/institution wherever someone is converting the money.
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Upload the Document
Self-Attested Address Proof Electricity Bill/Latest Bank Statement/Mobile Bill (not older than 2 months)
Self-Attested Aadhar card and Voter ID/ Passport/ Driving License.