REQUIREMENT OF PAN NUMBER FOR THOSE EARNING LESS THAN RS 50000 P A

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..... My maid has some deposits in the bank, Her annual income including interest on deposits and salary is less than Rs 50000 per annum. Bank is asking for PAN Numner. However I understand that I T departm .....

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..... ent has issued a notificaiton that those having annjualm income of Rs 50000 or less do not need a PAN number. Please inform what is the correct situation. - Reply By CA GOPALJI AGRAWAL - The Reply .....

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..... = If the interest income is 10000/- or more, then she would have to furnish PAN otherwise the bank would deduct TDS @ 20% on interest. You may refer section 206AA of the Income Tax Act . - REQUIR .....

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..... EMENT OF PAN NUMBER FOR THOSE EARNING LESS THAN RS 50000 P A - Query Started By: - Chandrakant D Gandhi Dated:- 13-9-2012 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharin .....

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..... g, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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