Guidelines for PAN applications
1.1 Whether it is mandatory for a non-resident Indian to have a PAN?
Every person who is required to file a return of income or intends to enter into an economic or financial transaction where quoting of PAN is mandatory must have a PAN.
Transactions in which quoting of PAN is mandatory are as follows:
1) Sale or purchase of any immovable property valued at five lakh rupees or more or sale or purchase of a motor vehicle or vehicle (other than two wheeler vehicles).
2) Making a time deposit with a banking company exceeding fifty thousand rupees or deposit in Post Office Savings Bank Accounting exceeding fifty thousand rupees.
3) In an application for telephone connection including cellular telephone.
4) Payment in cash for purchase of bank drafts or pay orders or banker's cheques for an amount aggregating to fifty thousand rupees or more during any one day or deposit in cash aggregating to fifty thousand rupees or more with a bank during any one day.