Benefits of PAN Card

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The importance of PAN Card
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• PAN Card isnot a tax-oriented document anymore.
  It is an essential government documentthat is
  required during multiple areas such as banking,
  share trading, realestate, education, and travel.
  If you dont have one, search for PAN Card agent
  near me andapply soon. Lets check the advantages
  of possessing a PAN Card.

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• 1. IT return
• Both individuals and entities have to pay tax as
  per the governmentrule. To claim the return a
  form has to be filled where PAN Card details are
  absolutelynecessary.  
• 2. ID Proof
• PAN Card serves as a valid ID proof. It carries a
  photo of an individuallike other ID Cards. This
  is accepted as one of the most vital ID Cards by
  allorganizations.

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• 3. PAN number saves your money
• If your bank account is linked with a PAN number
  then you will becharged only 10 TDS instead of
  30.
• 4. Hassle free business
• Commence a business at ease if you are a PAN Card
  holder. TaxRegistration Number is needed for
  commencing a business. This is generated onlyif
  the owner or the entity has a PAN Card.

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• 5. Opening an account in bank or financial
  institutions
• It is mandatory to hold a PAN Card if you want to
  open an account forfinancial transactions. For
  withdrawing cash more than 50k in a day, your
  PANCard will be checked repeatedly. The Xerox
  copies of the same are acceptedalong with KYC
  form. For making FDs and taking loans PAN Card is
  essential.

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• 6. Buying and selling of fixed assets
• If you are buying or selling a property more than
  10 lakh your PAN Cardwill be verified and number
  will be noted in the deed.
• PAN Card has been made compulsory by the GOI to
  combat fraudulenceand to track citizens who
  arent paying taxes. PAN Card preparation is not
  verycomplicated. Its just a 24 hour work day
  done by many organizations againstsome nominal
  charges. Khanna Associates is a reliable PANCard
  Agent in Noida. They are expert in
  providingservices related to Aadhar card, PAN
  Card, Passport and life certificate.

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