PAN IS MANDATORY FOR...

• PURCHASE/SALE OF IMMOVABLE PROPERTY EXCEEDING RS 10 LAKH

• MOBILE WALLET TRANSACTIONS EXCEEDING RS 50,000

• OPENING A BANK ACCOUNT, EXCEPT JAN DHAN ACCOUNT

• HOTEL/RESTAURANT BILL PAYMENTS ABOVE RS 50,000

• CASH DEPOSIT IN BANKS EXCEEDING RS 50,000 IN A SINGLE DAY

• PURCHASE OF FOREIGN CURRENCY OR CASH PAYMENT RELATED TO FOREIGN TRAVEL EXCEEDING RS 50,000

• INVESTMENTS OVER RS 50,000 IN MUTUAL FUNDS/DEBENTURES/RBI BONDS/LIFE INSURANCE POLICY

• OPENING A DEMAT ACCOUNT

• BUSINESSES OR PROFESSIONS WHERE TOTAL SALES, TURNOVER OR GROSS RECEIPTS EXCEED OR ARE LIKELY TO EXCEED RS 5 LAKH

• ONLINE REGISTRATION UNDER NATIONAL PENSION SYSTEM (APART FROM AADHAAR)

• BUYING OR SELLING MOTOR VEHICLES (OTHER THAN TWO-WHEELERS)