The government has amended Income Tax rules that will now allow transgenders to be recognised as an independent category of applicants for obtaining a Permanent Account Number (PAN) for their tax-related transactions.
The Central Board of Direct Taxes (CBDT), which frames the policy for the department, issued a notification that provides a new tick box for the transgenders to apply for the PAN. The notification, issued under sections 139A and 295 of the Income Tax Act, specifies the new application process for obtaining a PAN number by an individual.
Source- DD News
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Sushil Chandra is the present Chairman of CBDT.
- It headquarters in New Delhi.