Multiple choice

What is the purpose of PAN Card?

  1. For tax return filling

  2. For product production

  3. For storage

  4. RISK Management

  5. All of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The primary purpose of a PAN Card is to file tax returns and track financial transactions for tax purposes. While PAN is also used as ID proof and for high-value transactions, 'tax return filing' is its core statutory purpose as defined by the Income Tax Department. 'Product production' and 'storage' are unrelated, and while PAN is used for risk management in banking, tax filing is the direct purpose.

Keep practicing — related questions