Whatever non-government or government work you want to do, you need many types of documents for these works. If you do not have this then your work also stops. Apart from Aadhar Card, there are many such documents, one of which is your PAN Card. Yes, PAN card i.e. Permanent Account Number is issued by the Income Tax Department under the Income Tax Act 1961. At the same time, there are many benefits of making a PAN card, due to which many of your tasks get completed. But if you do not have this then many of your works may come to a halt. So let us know what are the benefits of making a PAN card.
Benefits of making PAN card:-
If you take a loan, whether you will get the loan or not depends on your CIBIL score. At the same time, to check this you will need PAN card. If you have PAN card then you can check your CIBIL score. Another advantage of PAN card is that you can know how many loans are running in your name. Through this investigation you can also know whether someone has taken a loan in your name wrongly or not. For this investigation you must have PAN card. You will also need PAN card while opening a bank account. If you have then your account will be opened. Apart from this, you will also need PAN card for transactions of more than Rs 50 thousand. Through 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 PAN card to file income tax return.
