PAN Card: What are the benefits of PAN card and what documents are required?

PAN Card: Production of PAN card is mandatory for every Indian citizen. The government advises those who do not have a PAN card to get a PAN card. A person without a PAN, i.e. a permanent account number, cannot transact large sums of money. PAN or Permanent Account Number is a 10-digit number that reflects financial status. The PAN card number contains the person's tax and investment related data. So, knowing your PAN number is very important, most of the people think that PAN card is required only for filing ITR. But it has become a very important document in today's times. So let's know what are the benefits related to PAN card. Also Read: Gold Price Rs. 250 has increased, the price of silver is Rs. 800 has increased. BENEFITS OF PAN CARD It can fulfill various purposes through its use. Applying for a job, applying for a loan, paying taxes, opening a bank account, investing and more. It contains information related to PAN number and cardholder identity. PAN card is also used as an identity proof. Because it is valid all over India. PAN card is very useful in transactions. PAN card is used as proof of identity for opening demat account, availing loan, buying shares and mutual funds, buying insurance policy and other financial transactions. PAN card is required for filing income tax returns, availing tax deductions, paying taxes and for various other tax related purposes. PAN card is used to check CIBIL score. Whenever you take out a loan, whether you get a loan or not depends on your civil score. A PAN card also helps protect you from fraud. With its help you can know how many loans are running in your name. You can also check if someone has wrongly taken a loan in your name. Many documents are required to get PAN card. So let us know with the help of which documents you can get pan card. 1. To generate PAN card, you need identity certificate. For this you can use Aadhaar Card, Passport, Driving License, Voter ID Card or any other ID issued by the State Government. 2. Address proof is also required for PAN card. For this you can use Aadhaar Card, Bank, Passbook, Electricity Bill, Telephone Bill, Mobile Bill or Ration Card. 3. Proof of date of birth is also required for production of PAN card. For this you can use birth certificate, school leaving certificate, 10th or 12th result, passport or driving license. 4. Two passport size photographs with signature are required. Also Read: Post Office Scheme: This scheme will bring huge profits after PAN Card: What are the benefits of PAN Card, What documents are required at Prabhat Kabar.