What are the consequences of not having a PAN card?

If you don't own a PAN card, then your tax will be deducted at a high rate. A person will not be able to provide an application under the section of 197 or perform the file declaration under the section of 197A if they do not have a PAN card as both of these sections require PAN card. One will have to pay the penalty of Rs 10,000 for performing the non-quoting of the PAN card. Without having a PAN card, one will not be able to purchase or sell the motor vehicle apart from two-wheelers. One will not be able to request the bank to issue the credit or debit card if they do not have a PAN card. If you are paying at a restaurant or hotel and the amount is exceeding the limit of 50000 rupees, then you won't be able to make the payment without the PAN card. One will not be able to sale or make a purchase of any sort of services and goods which are not under the rule of 114 b. If the transaction amount is exceeding the limit of 2 lacs per transaction, then you won't be able to make it without PAN card. If you are trying to pay for any traveling expenses to the foreign country or you are trying to pay for the purchase of foreign currency which is exceeding the limit of 50000, then it will not be possible without having a PAN card.