Pan card is very important for 13 works, Pancard required on payment of more than 50 thousand rupees
The use of PANcard is essential in most financial transactions
Purchase of a vehicle other than a two wheeler is also required for sale
Pancard is considered a necessary document for opening an account in a bank
Utility desk. The use of PANcard is essential in most financial transactions. It is necessary to deposit money with salary. Fewer people will know where it is used and why it is necessary for everyone to have it. In India, the Permanent Account Number Card or PAN Card forms the Income Tax Department under the supervision of the Central Board of Directors.
This important task requires a PAN card
A company requires a PAN card on payment of 50 thousand rupees or more for the purchase of shares. A PAN card is required to buy or sell real estate worth Rs. 5 lakhs or more.
A PAN card is required on payment of more than Rs.5 lakh for the purchase of bullion or jewelery.
Pancard is also required for payment of Rs. 50 thousand or more to a company or organization for the purchase of bonds or debentures. A PAN card is also required on the sale or purchase of a vehicle. No Pancard is required for the purchase or sale of a two wheeler. Purchase of a vehicle other than a two wheeler is also required for sale.
If your time deposit in the bank exceeds 50 thousand rupees, then Pancard must be in this case. It is also necessary if the amount of any account in the post office is more than 50 thousand rupees. It is used in contracts for the purchase or sale of goods valued at one lakh rupees or more.
Pancard is considered a necessary document for opening an account at any bank. PAN card is required to apply for connection to the telephone. It is also required for cellular connections. If you spend more than 25 thousand rupees a day at a hotel, PAN card is required. If you buy bank draft, payment order or banker's check in cash for more than Rs 50,000 a day, you will need to show your PAN card. If you are buying a ticket worth Rs 25,000 or more in cash to travel abroad, then you need to show a PAN card.