15
May
PAN or Permanent Account Number is a unique 10-digit alphanumeric code that is issued by the Indian Income Tax Department to every Indian citizen who pays taxes. It is vital to PAN cardholders as a means of filing their taxes, opening new bank accounts, and many other financial transactions. Although the PAN card is not mandatory for people below the age of 18, it is highly recommended for minors to obtain the card. This article aims to provide a comprehensive guide on why the PAN card is necessary for minors and how to obtain one. a. Why is a PAN…