If you are required to apply PAN as I stated my earlier posts by law the failure to apply or to mention PAN in specified transaction attracts penalty of Rs. 10,000.
Are you liable to Apply PAN or not see this post ?
My advise to you if you above the age of 18 then you must apply PAN. This will help you in various field of finance and others.
Read all PAN Article in PAN Category to get whole knowledge about PAN.
Related posts:
- Interest, Penalty & Prosecution for Failure to Deposit Tax Deducted
- Can I apply more than One PAN
- How to Apply PAN
- Do I need to apply New PAN When Shifting Your Home to Another City
- Penalties for Failure to Deduct and Deposit TDS
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