PAN card/ PAN/ Who should have PAN card/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. The Permanent Account Number is an alphanumeric key with ten characters, used as an identifier for every individual who is paying tax in India. It is issued by the Income Tax Department and serves as a unique identity. A PAN Card is mandatory to participate in the Indian economy as a legal resident of India. Under Section 139A of the Income Tax Act of 1961, the government formally introduced the PAN Card. The PAN needs to be held by every individual or group: -If the cumulative accessible income equals or exceeds the amount of the least taxable income. -For every person engaged in business or occupation, a total income exceeds 5 lacks INR. -The charitable trust is required to file returns under Section 139(4A). -Persons who are willing to be part of a PAN mandatory transaction. -Every non-individual entity whose financial transactions exceed the amount of INR 2.5 lakh in a fiscal year. -All the importer/exporter needs an Import Export Code. The individual is set to receive a particular sum after tax deductions. -Any individual or group involved in storing, producing, or manufacturing excisable goods. -Individuals are liable to pay service tax. At Saanvika Legal Associate, other laws cases like business law, financial law, insurance law, environment law, consumer law, property law, banking, tax, cyber, labor, constitutional, legal registration, nocs, litigations, criminal, family law, and so on are provided. All kinds of Law services are offered by experienced lawyers that result in the success of your cases in every way possible.