Unique Identification – A 10-digit alphanumeric code issued by the Income Tax Department.

Universal Validity – Accepted across India for financial and identity purposes.

Mandatory for Financial Transactions – Required for opening bank accounts, filing income tax, buying property, high-value transactions, etc.

Government Issued Proof – Acts as valid proof of identity for individuals, businesses, and entities.

Tax Filing & Compliance – Essential for filing Income Tax Returns (ITR) and availing refunds.

Prevents Tax Evasion – Helps government monitor large financial transactions.

Banking Convenience – Required for opening bank accounts, fixed deposits, and applying for loans/credit cards.

Ease of Investments – Mandatory for investing in mutual funds, stocks, bonds, and insurance.

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