If you have purchased, or sold of any vehicle, other than a two wheeler vehicle you will require a PAN. If you wish to open an account with a bank, you will be required to quote your PAN. If you are making an application for issue of a credit or debit card, you will have to quote your PAN in the application. If you wish to open a demat account with a depository, participant, custodian of securities, you will have to quote a PAN in the application. If you are making a payment in cash, of an amount exceeding Rupees 50,000 to a hotel, or restaurant against a bill at any one time you may need to quote your PAN. If you are making a payment in cash, of an amount exceeding Rupees 50,000 to a travel agent for your foreign trip, or if you are making a payment to travel agent for purchase of any foreign currency of an amount exceeding Rupees 50,000 in cash, at any one time you will need your PAN. If you are making a payment of an amount exceeding Rupees 50,000 to a Mutual Fund for purchase of its units, you will have to quote your PAN. If you are making a payment of an amount exceeding Rupees 50,000 to a company, or an institution for acquiring debentures or bonds issued by it you will have to quote your PAN. If you are making a payment of an amount exceeding Rupees 50,000 to the Reserve Bank of India, for acquiring bonds, you will have to quote your PAN. If you are depositing cash, exceeding Rs. 50,000 during any one day with a bank, you will have to mention your PAN in the deposit slip. If you are making a payment in cash for an amount exceeding Rupees 50,000 during any one day, for purchase of bank drafts or pay orders or banker's cheque, from a bank you will have to quote your PAN in the application. If you wish to invest in a time deposit, of amount exceeding Rupees 50,000, or aggregating to more than Rs. 5 lakh, during a financial year with a bank, or a Post Office; or a Nidhi or ,a nonbanking financial company, PAN will be required. If you are making a payment of an amount aggregating to more than Rupees 50,000 in a financial year, as life insurance premium to an insurer, you will have to quote your PAN. If you are entering into a contract for sale or purchase of securities, other than shares, for amount exceeding Rupees 1 lakh per transaction, you will have to quote your PAN. If you sell or purchase, shares of a company not listed in a recognized stock exchange, for amount exceeding Rupees 1 lakh per transaction, you will have to quote your PAN. If you sell or purchase any immovable property, for an amount exceeding Rupees 10 lakh or, if you sell or purchase any immovable property valued by stamp valuation authority exceeding ten lakh rupees, you will required a PAN. Remember, Minor person can quote PAN of his father, or mother, or guardian, provided he does not have to pay any tax. If you do not have PAN and which to enter into any of mentioned transaction, you can make a declaration in Form No.60, or you can apply for a PAN.
