PAN Issuance Section under Income Tax Act
The Permanent Account Number (PAN) is a unique identification number issued to taxpayers for tax purposes under the Indian Income Tax Act, 1961.
Section 139A of the Income Tax Act, 1961 specifically deals with the provisions related to the requirement of furnishing PAN.
This section mandates that every person, who is eligible or required to obtain a Permanent Account Number (PAN), must apply for it.
Therefore, PAN is issued under Section 139A of the Income Tax Act, 1961.
Important Questions from Income-tax
The ratio of income and expenditure is 9:5. Income increases by 40% and expenditure decreases by 10%. If the initial income is ₹45,000 then the final saving (in ₹) is:
As per the new tax regime of India, what is the exemption limit of income tax for financial year 2022-23?
What is the basic difference in the aggregates at market price and factor cost?
If assesssee is engaged in the business of growing and manufacturing tea in India, the non-agricultural income in that case be:
Arrange the steps to e-filing of Income Tax Return in correct sequence:
a) Register yourself
b) Verify ITR V
c) Select the requisite form
d) Fill form and upload
Choose the correct option from those below:
