Every person whose taxable income exceeds Rs. 1,10,000 (male), 1,45,000 (female) 1,95,000 senior citizens above the age of 65 years) individual for assessment year 2008-09 is required to apply Permanent Account Number (PAN).
Non – assessees shall (except above mention case ) also be required to obtain PAN, in case they enter into specified transaction for which furnishing PAN is mandatory. (See this post)
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