PAN application requirement: persons meeting income, turnover, or filing thresholds must apply under new PAN series by prescribed dates. Application for allotment of a Permanent Account Number is required under section 139A(4) for persons assessable by an Assessing Officer who (i) had total income above the non-taxable limit, (ii) carry on business or profession with sales, turnover or gross receipts likely to exceed the prescribed threshold, (iii) are required to furnish a return under section 139(4A), or (iv) hold a PAN under a different series; such persons must apply to the Assessing Officer for allotment under the new series within prescribed deadlines, with exemptions for those already applied or already allotted under the new series.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
PAN application requirement: persons meeting income, turnover, or filing thresholds must apply under new PAN series by prescribed dates.
Application for allotment of a Permanent Account Number is required under section 139A(4) for persons assessable by an Assessing Officer who (i) had total income above the non-taxable limit, (ii) carry on business or profession with sales, turnover or gross receipts likely to exceed the prescribed threshold, (iii) are required to furnish a return under section 139(4A), or (iv) hold a PAN under a different series; such persons must apply to the Assessing Officer for allotment under the new series within prescribed deadlines, with exemptions for those already applied or already allotted under the new series.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
