Mandatory of PANs leading to Hike in its Demand

Mandatory of PANs leading to Hike in its DemandThe demand for the Permanent Account Number (PAN) is on an all time high with the Income Tax (I-T) department issuing a record number of PANs in the ongoing financial year of 2007-08, with even minors joining the queue of PAN seekers.The I-T department has issued 95 lakhs PAN Card, till date. The highest number of PAN cards it has ever issued, ever since the PAN card became a mandatory document for trading in stocks, shares and mutual funds two yea

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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