when to apply for pan card

You should apply for a Permanent Account Number (PAN) card when you are required to file an income tax return or plan to enter into specific financial transactions where quoting PAN is mandatory. There is no age limit for application, and minors can apply through their parents or guardians. It is advisable to obtain one if you plan to:

• Open a new bank account.
• Deposit cash exceeding ₹50,000 in a bank during a single day.
• Buy or sell an immovable property valued over ₹10 lakh.