Monday, 3 September 2018

Soon, father's name may not be must for PAN Card

Permanent Account Number (PAN) card may soon be issued without carrying your father's name on it. A TOI report cited a draft notification proposing amendments in rule 114 of the income tax rules,
which has proposed that furnishing father’s name will not be mandatory for those whose mother is the single parent.

Rule 114 of the Income Tax Rules, 1962 provides for the manner in which an application for allotment of a permanent account number (PAN) shall be made in form No 49A and form No 49AA.
The tax department had received several representations seeking relaxation in the rules regarding father’s name in the PAN application. Those with the mother as the single parent had faced difficulty in applying for PAN.

Current rules make it mandatory to provide the father’s name in allotment of PAN. It is also proposed to amend the I-T rules for specifying the timeline for making an application for allotment of PAN by certain persons and issue of PAN.

Comments and suggestions on the draft notification may be sent by September 17, 2018.

Inputs From TNN

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