Pan Card News – Government if India is going to launch a very soon wide facility for those all citizens of India. PAN (Permanent Account Number) is a mentioned in the pan card. This card issued for income tax department.
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As per reports, special camps will be organised throughout the country, including rural areas, to help people get PAN cards.
Recently, the Central Board of Direct Taxes (CBDT), the apex policy-making body of the I-T Department, had issued a notification making the Elector’s Photo Identity Card (EPIC) and Aadhaar valid proofs of “date of birth” for obtaining a PAN card.
PAN is required for filing return of income, sale or purchase of any immovable property beyond a certain amount, and sale or purchase of a motor vehicle, among others.
The Finance Act 2015 proposes quoting PAN mandatory for buying jewellery valued at Rs 1 lakh or more.
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