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CMA Intermediate · Direct and Indirect Taxation · PAN

Under the Income-tax Act, 2025, which of the following matters relating to the Permanent Account Number is specifically listed among the matters on which the Board may make rules under the rule-making power in section 533?

The Board may make rules on the time for applying for PAN allotment, the form and manner of the application and its particulars. Section 533(2)(h) lists these matters. Tax rates, penalties and renewal periods are not mentioned in that clause.

  1. AThe time within which a person may apply for allotment of a PAN, and the form and manner of the applicationCorrect
  2. BThe rate of tax applicable to a person holding a PAN
  3. CThe penalty payable for holding more than one PAN
  4. DThe period for which a PAN card remains valid before renewal

Explanation

Section 533(2)(h) empowers the Board to make rules on the time within which a person may apply for PAN allotment, the form and manner of the application and the particulars it must contain. Tax rates, penalties and PAN validity are not listed in that clause, so the other options are wrong.

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