what is pan card used for

The Permanent Account Number (PAN) card is primarily used as a unique financial and tax identifier for individuals and entities in India, issued by the Income Tax Department. It is mandatory for numerous significant financial activities and helps the government track high-value transactions to ensure tax compliance.

• Filing income tax returns.
• Opening bank accounts and applying for credit or debit cards.
• Conducting transactions over ₹50,000, such as cash deposits or mutual fund investments.
• Buying or selling immovable property and vehicles (other than two-wheelers).