how to use pan card

Your Permanent Account Number (PAN) is essential for numerous financial activities in India, serving as a unique identifier for tax purposes. You use your PAN card for:

• Filing Income Tax Returns (ITR).
• Opening a bank account (except for basic savings accounts) and applying for credit or debit cards.
• Making investments, such as opening a Demat account or purchasing mutual funds and fixed deposits exceeding ₹50,000.
• Conducting high-value transactions, including cash deposits or withdrawals over ₹50,000 in a single day.
• All correspondence with the Income Tax Department.