Is PAN Card a compulsory document?

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Is PAN Card a compulsory document?

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Questions › Category: Identification Proof › Is PAN Card a compulsory document?

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Malavika Rajkumar asked 1 year ago

This post is also available in: हिन्दी (Hindi)

Is PAN Card a compulsory document?

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Malavika Rajkumar answered 1 year ago

This post is also available in: हिन्दी (Hindi)

No, PAN Card is not a compulsory document. However, all existing assessees or taxpayers or persons who are required to file a return of income, even on behalf of others, must have a PAN Number. It is compulsory to quote PAN Number on return of income tax and on certain financial transactions.