Multiple choice general knowledge

Is PAN - Permanent Account Number mandatory to file income tax returns or gain tax refunds?

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

PAN (Permanent Account Number) is mandatory for filing income tax returns in India. It is also required for processing tax refunds. Without a valid PAN, the income tax department cannot process returns or issue refunds.