When PAN card required?

PAN Card number is required for:

Purchase / Sale of immovable property – exceeding Rs. 500000  

Purchase / Sale of motor vehicles – ( not for two wheeler )

Purchase of Jewellery – exceeding Rs. 500000

Transaction in shares / debuntures / bonds / units - exceeding Rs.50,000 

Opening of new bank accounts 

Deposit by cash in bank / PO - exceeding Rs,. 50000 in a day

Purchasing DD in bank by cash – exceeding Rs.50000 in a day

Fixed deposits of more than Rs.50,000 

Applications for credit or debit card / telephone connection 

Payment to hotels exceeding Rs.25,000/-. 

Payment of Life Insurance premium – exceeding Rs. 50000

To avoid TDS at higher rate

v      This is only a indicative list.