New PAN card norms with effect from 5 December 2018..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Tuesday, November 27, 2018

New PAN card norms with effect from 5 December 2018..!

New PAN card norms with effect from 5 December 2018..!

In an attempt to prevent tax evasion, the Income Tax department has changed PAN card rules with effect from 5 December making it mandatory for all entities doing business worth over ₹2.5 lakh in a financial year to have a Permanent Account Number. The Central Board of Direct Taxes (CBDT) through a notification amended the rules and said the application forms would also give an option to the applicant to state whether his or her mother is a single parent or if the applicant wishes to furnish the name of mother only. Currently, furnishing father’s name is mandatory for the allotment of Permanent Account Number (PAN).
New PAN card norms with effect from 5 December 2018..! Reviewed by S. Chitra on November 27, 2018 Rating: 5 New PAN card norms with effect from 5 December 2018..! In an attempt to  prevent tax evasion, the Income Tax department has changed PAN ...

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