can oci have pan card

Yes, Overseas Citizens of India (OCI) are eligible to apply for and obtain a Permanent Account Number (PAN) card. It is a vital document for OCIs to engage in major financial activities in India. The PAN card is mandatory for transactions like buying or selling property, making investments in the stock market or mutual funds, and fulfilling income tax obligations for any income earned in India. OCIs are required to apply using Form 49AA, and their OCI card is accepted as a primary document for identity proof during the application process.