What are the benefits of obtaining a PAN?

June 28, 2022 /

The benefits of obtaining a PAN card are:
1. Enables you to file your income tax returns
2. TDS is deducted at lower rates for a person obtaining PAN instead of 20%
3. Ease of doing banking as most bank now mandates quoting of PAN card is mandatory
4. Ease of Purchasing property as PAN no is mentioned in the deed and TDS is deducted at lower rates i.e 1%.
5. Mandatory to obtain GST registration.

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