i. All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN.
ii. Any person carrying on any business or profession whose total sales, turnover or gross receipts are or is likely to exceed five lakh rupees in any previous year;
iii. Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.
iv. The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.
