PAN is required to pay income tax. Service tax and excise registration can be obtained only if one has PAN. All documents related to financial transactions. Sale and purchase of immovable property. Purchase of any motor vehicle. For depositing cash more than INR 50,000 in bank account or post office. For term deposit (FD) of…
Particulars Sukanya Samriddhi Account (SSA) Public Provident Fund (PPF) Who can open Only girl child Indian Citizen Where to open Post office and Authorized Banks Post office, Govt. Banks and some private banks Minimum Contribution per year INR 1,000 INR 500 Maximum Contribution per year INR 1,50,000 INR 1,50,000 Maximum no. of contribution No limit…
What is PAN? PAN (Permanent Account Number) is a 10 digit alphanumeric code allotted by Income Tax Dept. to the taxpayers. This PAN identifies in whose account Tax has been paid. While making payment of Tax, it is necessary to quote PAN. It is issued in the form of a card (laminated). First 5 characters…