Quoting the PAN is mandatory when filing Income Tax returns, tax deduction at source, or any other communication with Income Tax Department. PAN is also steadily becoming a mandatory document for opening a new bank account, a new landline telephone connection / a mobile phone SIM card, purchase of foreign currency, bank deposits, purchase and sale of immovable properties, vehicles, etc.
What information does PAN card display
PAN card displays Applicant Name, Father’s Name, and Date of birth and PAN of an individual applicant. It also contains the Photo and signature of the individual.