Pan required for exempt income
This query is : Resolved
21 July 2013
Hi, I want to know if a person who is earning only exempt income requires a Pan card or not.??
and also if a person's only income is from a partnership firm which is exempt and has no other income does he need to obtain PAN card???
thx
and also if a person's only income is from a partnership firm which is exempt and has no other income does he need to obtain PAN card???
thx
22 July 2013
Pan is mandatory only if the total income in the previous year exceeds the maximum amount which is not chargeable to tax.
so in your case pan is not required.
so in your case pan is not required.
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