https://www.taxtmi.com/acts?id=50165 A statutory requirement mandates application for and allotment of a permanent account number where a person's taxable income exceeds the basic exemption or a business's receipts are likely to exceed a prescribed turnover threshold; Income-tax Officers may allot PANs to other taxpayers and pre-existing PANs are deemed valid under the new provision. Holders must quote the PAN on returns, correspondence, payment challans and prescribed transaction documents and notify the Income-tax Officer of changes. The Board may prescribe application form particulars and categories of transactions requiring PAN quoting. en-us Wed, 05 Mar 2025 12:45:39 +0530 Wed, 05 Mar 2025 12:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50165 A statutory requirement mandates application for and allotment of a permanent account number where a person's taxable income exceeds the basic exemption or a business's receipts are likely to exceed a prescribed turnover threshold; Income-tax Officers may allot PANs to other taxpayers and pre-existing PANs are deemed valid under the new provision. Holders must quote the PAN on returns, correspondence, payment challans and prescribed transaction documents and notify the Income-tax Officer of changes. The Board may prescribe application form particulars and categories of transactions requiring PAN quoting. Act-Rules F. Acts / Amendment Acts Wed, 05 Mar 2025 12:45:39 +0530 https://www.taxtmi.com/acts?id=50165