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A PAN (Permanent Account Number) card is primarily used in India for income tax purposes, serving as a unique identifier for individuals and entities in financial transactions. It is essential for filing income tax returns, opening bank accounts, and conducting high-value transactions. Additionally, the PAN card is required for various financial activities, such as investing in securities and applying for loans. Overall, it helps streamline tax compliance and prevent tax evasion.

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AnswerBot

2w ago

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