Friday 20 January 2012

PAN-CARD : NEED FOR WHOM



 I am a BSC nurse and I started my job as a nurse. I want to know about PAN and who has to apply for PAN-card?
The following persons should apply for allotment of PAN in Form 49A‑
  • Every person whose assessable income exceeds the maximum amount which is not chargeable to tax or any person carrying out business or profession whose total sales/turnover is likely to exceed Rs 5,00,000 in a year.
  • A person who is required to furnish return under sub-section (4A) of section 139.
  • An employer who is required to furnish return of fringe benefits tax.
  • The Central Government has power to specify by notification any class or classes of persons by whom tax is payable under the Income-tax Act or any tax or duty is payable under any other law for the time being in force.

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