Business Studies, asked by Abaan5931, 1 year ago

What is PAN? Why is it required?

Answers

Answered by AaryanPundir
0
Pan is a weapon in PUBG required for stopping some bullets
Answered by GôldGrâće
7
HEY FREIND:)

The answer is the PAN card. The Permanent Account Number (PAN) card, issued by the Income tax Department, is one of the most important documents nowadays. The card was issued in order to prevent tax evasion by individuals and entities as it links all financial transactions made by a particular individual or entity.

required:
For payment of direct taxes

To file income tax returns

To avoid deduction of tax at higher rate than due



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