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Tuesday, November 27, 2012

Why do NRIs need a PAN Number?

As per the Indian government it is now compulsory to quote your PAN number in all financial and investment pertaining transactions in India. A Pan Card also serves as a very important Indian ID proof and it is a must in various investment opportunities in India. To name a few, one needs a PAN card to make investments in the Indian stock market, open a demat account, buy or sell real estate/property, open a bank account including a NRE/NRO accounts, obtain loan, claim rental income, get a telephone connection, do business in India, apply for visas or passport, to conduct foreign remittances and more. Thus it is advised that you register a pan number as soon as possible >> Read Full Story

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