Whether you want to get any non-government or government work done, you need many types of documents for these works. If you do not have these, then even your work gets stuck. Apart from Aadhar Card, there are many such documents, one of which is your PAN Card. Yes, a PAN card i.e. Permanent Account Number is issued by the Income Tax Department under the Income Tax Act 1961. At the same time, getting a PAN card has many benefits, due to which many of your tasks get done. But if you do not have this, then many of your works may get stuck. So let us know what are the benefits of getting a PAN card. You can know about these benefits in the next slides...
Benefits of getting a PAN card: -
Number 1
Whenever you take a loan, whether you will get the loan or not depends on your CIBIL score. At the same time, you need a PAN card to check it. If you have a PAN card then you can check your CIBIL score.
Number 2
There is another advantage of the PAN card with its help you can know how many loans are running in your name. By checking this you can also know whether anyone has taken a loan in your name wrongly. You need a PAN card to do this check.
Number 3
You also need a PAN card while opening a bank account. If you have it, your account is opened. Apart from this, you also need a PAN card for transactions of more than Rs 50 thousand.
Number 4
Through a PAN card, you can know whether you come under the tax net or not, whether you have paid tax or not and you also need a PAN card to file an income tax return.
(PC: iStock)
