Who has to apply for PAN?

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.

Source: Income Tax Department