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            Deadline for PAN Application: Key Dates for Income, Business, and Financial Transactions Under Section 139A(3)

            The time limits for submitting a Permanent Account Number (PAN) application under Section 139A(3) of the Income Tax Act. Individuals with income exceeding the non-taxable limit must apply by May 31 of the assessment year. Those with business turnover exceeding 5,00,000 or required to file returns under section 139(4A) must apply by the end of the accounting year. Residents entering financial transactions of 2,50,000 or more, and associated key persons, must apply by May 31 of the following year. For significant cash transactions or opening specific bank accounts, applications should be made at least seven days prior. Others can apply anytime.

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