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<h1>Income-tax Act Section 139A Amended: New PAN Requirement for Businesses with Turnover Over Rs. 50,000 or as per Section 139(4A).</h1> Section 139A of the Income-tax Act has been amended to replace sub-section (2). The new provision mandates that any person not covered under sub-section (1), but who either conducts a business with sales, turnover, or gross receipts exceeding fifty thousand rupees in any previous year, or is required to file a return of income under section 139(4A), must apply for a permanent account number (PAN) if they have not already been allotted one. This application must be made to the Assessing Officer within a prescribed timeframe.