U.S. Markets close in 6 hrs 11 mins
9 / 12

Why is it necessary to have PAN card?

(h) Payment to hotels and restaurants against their bills for an amount exceeding twenty-five thousand rupees at any one time

Why is it necessary to have PAN card?

It is mandatory to quote PAN on challans for any

payments due to Income Tax Department.

Rules as per the Income Tax Department of India Website