PAN (Permanent Account Number) card is a unique identification tool issued by Government of India. It is a very important document for an individual.
Basically it provides a unique identity to every Assessee. (Individual, Partnership Firms, Companies, e.t.c)
Why do you need a PAN Card?
It not only serves as an identity proof but it also necessary to have a Pan card in order to enter into certain financial transactions such as receiving professional fees in excess of Rs 30,000 (As TDS will have to be deducted in this case)Basically it provides a unique identity to every Assessee. (Individual, Partnership Firms, Companies, e.t.c)
