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The Permanent Account Number (PAN)
is a revolution, started by the
Income Tax Department, and
spreading far and wide today. It
has become an indispensable tool
of the IT Department, in not only
identifying the tax payers, but in
a load of other means like:
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Paying tax or Filing Indian tax
returns.
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Operating DEMAT or bank account in India.
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Depositing more than Rs.50,
000/- in the bank.
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Investing in the Indian
financial market.
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Sale or purchase of Property,
Rental Income.
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