What is Pan Card?

PAN or Permanent Account Number is a ten-digit alphanumeric code generated by the India's 'Income Tax Department', that is required by anyone and everyone who wish to conduct any kind of financial transaction in India. Even those whose ‘financial transaction’ is limited to paying income tax require it! PAN is required if you wish to enter the Indian Share Market. This is true for NRIs - Non Resident Indians living abroad too, who wish to make investment in India, buy property/house in India, open bank account, de-mate account, rent out a property etc.