For a permanent identification, obtain a PAN number.
*Subject To Change On Market Conditions
The Indian Income Tax Department issues a laminated card bearing a ten-digit alphanumeric number called a Permanent Account Number (PAN) to any “person” who requests for one or to whom the department issues a number without a request.
In India, PAN is a recognised form of identification. Every PAN card user in India has a different PAN. It connects every financial transaction a specific person or organisation has ever done.
PAN is typically necessary to open a bank account. Additionally, it is required in advance of many transactions. In your income tax return, you must include your PAN.
If you are an NRI and want to take advantage of lower or no deductions in India, you need to get a PAN. In India, PAN is required for both buying and selling real estate.
