PAN Card Rules: Today in our news we are going to tell you how many PAN cards a person can make. In such a situation, let us tell you that people cannot make more than one PAN card. Only one PAN number is issued to a person in his entire life and it is used only.
Pan Card Apply:Â PAN card is very useful for people. PAN card is used in India to conduct financial transactions. People need PAN card for big transactions. PAN card is a 10 digit unique alphanumeric number which is issued through the Income Tax Department. At the same time, people should also be aware of some special things regarding PAN card. Let us know about them…
income tax return-
People who have high income also have to file income tax return every year. People have to file ITR on annual income of more than Rs 2.5 lakh. Whereas PAN card is necessary for filing income tax return. Income tax return cannot be filed without PAN card.
PAN card is also necessary for these works-
Along with this, having PAN card is also very important in many places. People need PAN card to open a bank account. Demat account is necessary to invest in share market. In such a situation, PAN card is also necessary to open a demat account. PAN card is also necessary for transactions of more than Rs 50 thousand. Apart from this, PAN card is also required for making credit card and debit card.
A PAN card-
At the same time, it should also be kept in mind that people cannot make more than one PAN card. Only one PAN number is issued to a person in his entire life and only this is used. In such a situation, people can make only one PAN card and use it only for their financial transactions.
