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(PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India. It is a must to have a PAN number for all those who file their income tax returns, because from 2005 onwards, it has been made mandatory by the Income Tax Department to quote the PAN on return of income as well as on all correspondence with any income tax authority in the country.

PAN Card  has become  a necessity now.  PAN -  Permanent  Account  Number  is  required  to  be  mentioned  in  all  Income  Tax  Returns,  investing  in share  markets,  mutual  funds,  purchasing  property, etc.

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