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Income Tax Department brings out new PAN card rules from December 5 to curb tax evasion

Updated : November 22, 2018 12:25 PM IST

All entities which made financial transactions of at least Rs 2.5 lakh in a financial year must apply for a PAN card till May 31 of the next financial year.
The new income tax rule is not meant for individual taxpayers who are not associated with such entities.
Income Tax Department brings out new PAN card rules from December 5 to curb tax evasion

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