PAN card rules changed! Check important date, affected taxpayers, other details
Ordinary individuals do not have to worry about the new rules as they would be applicable only for entities that have made financial transactions worth Rs 2.5 lakh or more in a financial year. As per a notification, it would be mandatory for such entities to apply for a PAN card.
As per a notification, it would be mandatory for such entities to apply for a PAN card, Image source: PTI