Who must have a PAN?
i. All existing assessees of taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN.
ii. Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.
iii. The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.