Where PAN card is used?

1) Sale/purchase of motor vehicle

2) Sale/purchase of any immovable property of Rs. 5 Lacs or more

3) Deposit exceeding Rs. 50,000/ - in any post office

4) Fixed Deposit exceeding Rs. 50,000/- in any bank

5) Sale/purchase of Securities exceeding Rs. 1,00,000/-

6) Opening an Account with any Bank

7) Application for a telephone connection (including a mobile telephone connection)

8) Payment to hotels and restaurants against their bills for an amount exceeding Rs. 25,000/- at any one time

9) Payment in cash for purchase of bank drafts or pay orders or banker's cheques for an amount aggregating Rs. 50,000/- or more during any one day

10) Cash deposit in cash aggregating Rs. 50,000/- or more, with a banking company during any one day

11) Payment in cash for any foreign country travel exceeding Rs. 25,000/- at any one time.

12) Application to any bank for issue of a credit or debit card;

13) Payment of an amount of Rs. 50,000/- or more to a Mutual Fund for purchase of its units

14) Payment of an amount of Rs. 50,000/- or more to a company for acquiring shares issued by it

15) Payment of an amount of Rs. 50,000/-or more to a company or an institution for acquiring debentures or bonds issued by it

16) Payment of an amount of Rs. 50,000/- or more to the Reserve Bank of India, for acquiring bonds issued by it

17) Payment of an amount aggregating Rs. 50000/- or more or more in a year as life insurance premium

18) Payment to a dealer for purchase of bullion or jewellery, of an amount of Rs. 5 Lacs or more at any time


If any person does not have PAN No., he/she need to file declaration Form No. 60 for such transaction. Hence, your every transaction can be tracked down by the department.