It is obligatory to cite PAN on go back of earnings, all correspondence with any earnings tax authority. From January 1, 2005, it's been made obligatory to cite PAN on challans for any payments because of Income Tax Department.It is also compulsory to cite PAN in all files concerning financial transactions notified from time-to-time by means of the Central Board of Direct Taxes. Some such transactions are sale and purchase of immovable belongings or motor car or payments in coins, of amounts exceeding Rs 25,000 to inns and restaurants or in connection with journey to any overseas us..It is also mandatory to say apply new pan card for obtaining a cellphone or cellular cellphone connection. Likewise, PAN must be stated for creating a time deposit exceeding Rs 50,000 with a Bank or Post Office or depositing coins of Rs 50,000 or greater in a Bank.
It is obligatory to cite PAN on go back of earnings, all correspondence with any earnings tax authority. From January 1, 2005, it's been made obligatory to cite PAN on challans for any payments because of Income Tax Department.It is also compulsory to cite PAN in all files concerning financial transactions notified from time-to-time by means of the Central Board of Direct Taxes. Some such transactions are sale and purchase of immovable belongings or motor car or payments in coins, of amounts exceeding Rs 25,000 to inns and restaurants or in connection with journey to any overseas us..It is also mandatory to say [apply new pan card](https://panseva.com) for obtaining a cellphone or cellular cellphone connection. Likewise, PAN must be stated for creating a time deposit exceeding Rs 50,000 with a Bank or Post Office or depositing coins of Rs 50,000 or greater in a Bank.