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of <h1>Central Board of Direct Taxes Sets Deadline for PAN Allotment u/s 139-A, Compliance Due by May 31, 1977.</h1> The circular issued by the Central Board of Direct Taxes on April 18, 1977, addresses the allotment of Permanent Account Numbers (PAN) under Section 139-A of the Income Tax Act, 1961. It highlights the requirement for individuals specified in the Act to apply for a PAN using Form No. 49-A by May 31, 1976. Due to delays in allotting and communicating PANs to applicants, the Board mandates that all pending applications be processed and PANs issued by May 31, 1977. A compliance report is required post-deadline to ensure adherence to this directive.
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