what is pan card in india

A Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identifier issued by the Indian Income Tax Department. This laminated card is a crucial document for nearly all major financial transactions in India. It is mandatory for activities like filing income tax returns, opening a bank account (except a basic savings account), and investing in mutual funds or property. The PAN links all your financial and tax-related dealings, acting as a permanent and unique identity proof for the tax department.