Who must have a PAN?

Requirements for Obtaining a PAN

According to the Income Tax Act, the following individuals and entities are required to obtain a Permanent Account Number (PAN):

Mandatory PAN Requirements

• Existing Assessees or Taxpayers: All existing assessees or taxpayers, including those who are required to furnish a return of income on behalf of others, must obtain a PAN.
• Economic or Financial Transactions: Any person intending to enter into economic or financial transactions where quoting PAN is mandatory must also obtain a PAN.

Important Note

It is essential to obtain a PAN if you fall into either of the above categories. PAN is a crucial identification number for various financial and tax-related transactions.

For more details or assistance with obtaining a PAN, please visit the official Income Tax Department's website or contact their customer service.