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Father’s name non-mandatory in PAN application form; CBDT issues final notification

November 20, 2018
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The CBDT has issued final notification proposing amendments in Rule 14 of Income-tax Rules, 1962 and PAN application Forms, i.e., 49A & 49AA. Now, the Father’s name shall not be mandatory in PAN application forms where mother is single parent. Further, 31st May of next FY shall be last day to apply for PAN in case of non-individual resident persons entering into a financial transaction of Rs. 2.50 lakhs or more in a financial year.
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