TaxTMI 
TaxTMI 
Entities to apply for Permanent Account Number in certain cases
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....ntities to apply for Permanent Account Number in certain cases <br>Budget<br>Dated:- 5-2-2018<br><BR>B. WIDENING AND DEEPENING OF TAX BASE Entities to apply for Permanent Account Number in certain c....
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....ases Section 139A inter-alia provides that every person specified therein and who has not been allotted a permanent account number shall apply to the Assessing Officer for allotment of a Permanent Ac....
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....count Number (PAN). In order to use PAN as Unique Entity Number (UEN) for non-individual entities, it is proposed that every person, not being an individual, which enters into a financial transaction....
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.... of an amount aggregating to two lakh and fifty thousand rupees or more in a financial year shall be required to apply to the Assessing Officer for allotment of PAN. In order to link the financial tr....
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....ansactions with the natural persons, it is also proposed that the managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer or ....
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....any person competent to act on behalf of such entities shall also apply to the Assessing Officer for allotment of PAN. This amendment will take effect from lst April, 2018. [Clause 42]<BR> News - Pr....
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....ess release - PIB....