PAN was to
estimate the total tax generated in the country, so that the tax rate can be
fixed properly. Benefit from the PAN to the Income Tax Department is that it helps you keep track of all your
financial transactions and thus determine the rate at which you (or the
company) should be taxed. It is a useful tool to estimate the total tax
revenues presence in the country.
Benefits that you can
enjoy the presence of PAN card is as follows:
PAN card bearing
a photograph and the name and address. Thus it is accepted as a guide and a
national identity.
Without PAN card, you will be taxed at the highest possible
price. If you pay TDS (TDS), which cannot be counted without PAN card and you
could end up paying taxes twice.
PAN number is unique for each PAN card holder. You may change your name and address. Your card
has been lost or stolen. But the PAN will not change. So, the possibility of
misuse is rare.
As proof of identity, PAN
card is sure, reliable, nationally recognized and fixed.
With a valid PAN card, you can easily access various
financial transactions. You can get a fixed phone and cell phone connection.
You can open a demat account. You can buy and sell real estate, stocks and much
more.
If you are an NRI, you can easily buy property or engage in
business in India with the help of your PAN
card without submitting tax returns.
Simple account can be opened and run easily with the
guardian PAN card.
Not only does the PAN have all these great advantages, but
also must continue in the most ordinary transactions. The very simplified
process. Therefore, you should make no delay in getting your PAN card
