Here is some heartening news for those who are small investors/depositors and whose income is below the taxable limit. The Karnataka high court has s
transaction is not applicable to those whose income is below taxable limit. The Karnataka High Court has ruled that persons whose income falls below the taxable limit are not required to obtain Permanent Account Number (PAN). The high court on Friday said that the banking institutions and the financial institutions should not insist upon small time investors whose income is below the taxable limit, on producing their Permanent Account Number (PAN).