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What are the advantages of having a PAN card today?

PAN stands for permanent Account Number.It is mandatory to have a PAN if you are undertaking a financial transactions like receiving salary,professional fee and sale or purchase of assets above specific limits.It has many advantages.It is helpful for payment of direct taxes,helpful to get into foreign exchange transactions,get into transactions of high amounts easily.PAN enables the department to link all transactions of the person with the department.And it act as an identity proof for the person with the tax department.So it is better to get PAN card.Nowadays people can apply new pan card online.It takes very less time.And it is the best way to get PAN card in a short time.

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