A PAN card is a unique identification mark allotted by the IT department to all taxpayers in India. A PAN card displays the PAN number, a ten-digit alphanumeric code that helps the authorities keep a record of the financial activities of an individual across all platforms. In India, PAN is an important identity proof.

An individual must have to be obtain PAN before engaging in certain transactions like a financial transaction exceeding a specified (may changed in time to time) amount, must have to quote pan card in the transaction slip is necessary, even though PAN card application is voluntary. Every business entities other than Proprietorship Firms must have to apply for PAN Card within 30 days of its formation or incorporation. PAN card of the proprietor is enough to run a Proprietorship Business.