Pan card in nri case

kishore pinjera (Querist) 21 August 2013 This query is : Resolved
Dear Team,

Thank in advance for your reply

A Person, who is working in Abroad / NRI and purchasing a property in India.

My query is that, whether he should hold a PAN card in mandatory or not.

if not plz reply along with section also.

please revert urgent.

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malipeddi jaggarao (Expert) 23 August 2013
For purchasing property in India for an NRI, PAN Card is not mandatory. But if the income from investments/properties in India is taxable level, he has to file IT returns for which PAN Card is necessary.
However, better to obtain PAN Card. It will not take much time. He can send the application duly signed and scanned giving local address.