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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