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Why is PAN required? - Entrepreneurship

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Question

Why is PAN required?

Very Short Answer
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Solution

It is required because it enables the department to link all transactions of the enterprise with the department. These transactions include tax payments, TDS / TCS credits, returns of income / wealth / gift / FBT, etc.

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Chapter 2: Enterprise Planning - Short Answers (75 words) [Page 88]

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CBSE Entrepreneurship [English] Class 12
Chapter 2 Enterprise Planning
Short Answers (75 words) | Q 5 b. | Page 88
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