[RIKIPO]

I have paid the sahara bond for a period of 48months with an amount of 400 per month.
I am in a pre mature stage of bond and i applied for return of my bond for financial need.
By the bond policy rules Company need to pay 28000/-.
But they are asking for PAN CARD for giving the cheque and also saying that some amount wil be deducted in the payment check as TDS.
But I DONT have PAN card.
Can anyone suggest me how to get my total amount back including TDS with out PAN Card.
I am not a income tax payer and my annual income is below taxable limit .
If i apply for PAN CARD shall i need to do file returns every year?
What happens after taking my PAN CARD if I dont file returns as my income is below taxable limit? What wil be the consequences for that?

Thanks in advance for your reply.

[sngupta]

The income tax return is needed only to get refund and for filling return we need pan card. You have applied for PAN CARD and have got the same. It is not necessary to file return if you have income less than income tax range. The system of TDS has been made by Govt to ensure payment to correct person.