Menu
income limit for pan card
As the limit for tax increased to 5 lakhs for A.Y. 2019-20, do we need to apply for pan card above ₹ 2.5 lakhs or is it 5 lakhs?
Replies (3)
Yes, you have to apply for PAN card for above 2.5L since the basic exemption limit has been not increased.
Note that benefit of 5Lakh is through Rebate and not through Basic Exemption limit
Ok
The said limit applicable from AY 20-21 (FY 19-20).
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
