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PAN Card Rules You Must Know To Avoid Penalties | 4 New Pan Card Rules Post BUDGET 2019

PAN is compulsory for financial transactions, be it purchasing mutual funds or buying and selling of assets over a specified limit. You require PAN when filing Income Tax Returns. If your salary exceeds minimum exemption limit or you are a businessman with a yearly turnover of Rs 5 Lakh, you need the PAN card.

 

Check these 4 important PAN-related rules.

  • The last date to link PAN with Aadhaar is 30th September 2019. If not, the PAN card shall be made inactive.
  • TDS has to be deducted for professional jobs.
  • Holding PAN is mandatory for filing ITR.
  • Interchangeability of Aadhaar and PAN.

 
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