Requirements for Obtaining a PAN
As per Section 139A (1) of the Income Tax Act, the following individuals and entities are required to have a Permanent Account Number (PAN):
Mandatory PAN Requirements
- All individuals whose total income exceeds the starting point of the Income Tax slabs. This includes income chargeable to tax on behalf of others, such as earnings of a minor’s child.
- Charitable trusts required to file returns under Section 139(4A).
- Individuals running a business or profession where the total sales or income exceeds Rs. 5 Lakhs.
- Importers/exporters needing an Import-Export Code.
- Individuals receiving payments post-TDS collection.
- Persons required to pay excise duties.
- Individuals issuing invoices under Rule 57AE.
- Persons responsible for paying service tax and their agents.
- Persons registered under the Central Sales Tax Act or general sales tax law of the relevant state or union territory.
- Individuals wishing to participate in financial transactions that require PAN details.
Voluntary PAN Application
Individuals not covered under the above categories can also apply for a PAN card voluntarily.
Special Cases - Section 160
According to Section 160 of the Income Tax Act, the following individuals can also apply for a PAN through a Representative Assessee:
- Minors
- Non-residents
- Court of Wards
- Persons legally defined as “an idiot or a lunatic”
For more information or assistance, visit the official Income Tax Department's website or contact their customer service.
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