Every person engaged in carrying on business is mandatorily required to apply for allotment of PAN, in case the total sales exceed of ₹............ during the previous year.

CS Executive · Tax Laws · PYQS · December 2021
Every person engaged in carrying on business is mandatorily required to apply for allotment of PAN, in case the total sales exceed of ₹............ during the previous year.
(A) 1 lakh
(B) 2 lakh
(C) 5 lakh
(D) 10 lakh

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic