Pan card
This query is : Resolved
GITANSHU KHORIWAL
(Querist)
13 July 2012
what are the advantages or benefits of having a pan card? And is there any demerit also.
CA PARAS BAFNA
(Expert)
14 July 2012
PAN Card is nowadays forming a very important proof towards the Photo Identity of the Individual. It is not necessary that you must have taxable income for obtaining a PAN card.
.
The demerits are related with the misuse of it. Avoid misuse of PAN. Also do not do any transaction in the bank account, or enter into, to which you can not explain.
.
.
The demerits are related with the misuse of it. Avoid misuse of PAN. Also do not do any transaction in the bank account, or enter into, to which you can not explain.
.
GITANSHU KHORIWAL
(Querist)
14 July 2012
sir is there anything like that if we are having a pan card then we cannot escape from our tax liability.
CA PARAS BAFNA
(Expert)
14 July 2012
If your income is taxable, it's our duty to file your IT Return. Please contact any of the CAs and get filed your Return to enjoy the PAN Card benefits as well as to avoid any painful experience from the IT department's side.
.
.
Message likes :
1 times
CA PARTH SHAH
(Expert)
16 July 2012
PAN CARD IS NOW A FINANCIAL IDENTITY OF A PERSON.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
