PAN has become an essential part of any financial transaction, it is now mandatory to obtain a PAN for yourself. Moreover, it is a widely recognized photo identity and proof of address.
Why do we need a PAN Card?
PAN Card is an essential document for most of us in India, not just for the purpose of filing tax returns, but many of us, use it as a form of identification, as well. Today having a PAN card has become mandatory for most people irrespective of whether they have taxable income or not.