Pan Card: Have you got a PAN card made? Know here for which works it is necessary
If you have to get any government or non-government work done, then you need to have many types of documents for it. These include many other documents like Aadhar card, voter ID card, driving license. One such document is PAN card. Actually, this is also an important document because if you do not have a PAN card, then many of your works can also get stuck. Be it opening an account in the bank or filing income tax returns etc. You need a PAN card for many works. If you do not have this document, then you should get it made. It is very important to get a PAN card made and having it makes many of your works easy. So let's know for which works a PAN card is necessary. You can know about this in the next slides...
PAN card is necessary for these works:-
First work
You need a PAN card for many works, one of which is selling property. Actually, if you are selling any of your property and the value of that property is more than Rs 5 lakh, then you need a PAN card. You need a PAN card during registration while buying a property.
Second task
If you want to take a loan, then you need a PAN card. If you do not have this document, then you may face problems in getting a loan. Actually, here you need a PAN card to check the CIBIL score. Therefore, if you want to take a loan, then you should get this document made first.
Third task
If you are opening a bank account, then know that you need a PAN card. If you do not have this document, then you may face problems. It is necessary to have an update of PAN card in the bank account
If you deposit more than Rs 50,000 in your bank account from the cash counter, then many banks ask for a PAN card from you. Therefore, it becomes necessary to get a PAN card.
Fourth task
If you are employed or are going to join a company, then you need a PAN card. Actually, if you are taxable then you need a PAN card to file income tax. Whereas, companies ask for PAN card when an employee joins. So if you do not have a PAN card then get it made.