YES, It is compulsory to quote your PAN number on the return of income & other required places.
There is a penalty of INR.10,000, plus interest and prosecution in case of default
Uses/Benefits of a PAN Number
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We are the World's 1st and Oldest PAN consulting site for NRIs (since 2007). Being a brand of nriInvestIndia.com (network of ni2 Financial Consultancy Pvt Ltd), we have assisted thousands of non resident Indians, people of India origin, foreign nationals and international entities to apply for Indian PAN numbers.
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* Attestation is not needed in many cases. However there could be situations where a client would have to get an attestation himself for his case.
Please be advised that this is not a Government owned website or it's affiliate. We are a private company running and managing this website with an aim to provide helpful assistance to NRIs living outside India regarding their PAN card needs for monetary benefits. We have exercised utmost care to ensure the accurateness and completeness of the information provided in this website. ni2 Financial Consultancy Pvt Ltd does not accept any liability for it. Use of this website constitutes your acceptance to agreeing to all our terms & conditions, and that you have gone through the disclaimer mentioned in it.