TMI BlogEntities to apply for Permanent Account Number in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... Entities to apply for Permanent Account Number in certain cases - Budget Dated:- 5-2-2018 - News - B. WIDENING AND DEEPENING OF TAX BASE Entities to apply for Permanent Account Number in cert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ain cases Section 139A inter-alia provides that every person specified therein and who has not been allotted a permanent account number shall apply to the Assessing Officer for allotment of a Pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmanent Account Number (PAN). In order to use PAN as Unique Entity Number (UEN) for non-individual entities, it is proposed that every person, not being an individual, which enters into a financial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... transaction of an amount aggregating to two lakh and fifty thousand rupees or more in a financial year shall be required to apply to the Assessing Officer for allotment of PAN. In order to link th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e financial transactions with the natural persons, it is also proposed that the managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or off ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice bearer or any person competent to act on behalf of such entities shall also apply to the Assessing Officer for allotment of PAN. This amendment will take effect from lst April, 2018. [ Cla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... use 42 ] - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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