The Income Tax Department clarifies the distinction between ‘Inoperative PAN’ and an ‘Inactive PAN.’
An ‘Inoperative PAN’ refers to a PAN card that has never been used for financial transactions, while an ‘Inactive PAN’ pertains to a PAN card that is valid but not linked to any taxable activity.
Taxpayers are advised to understand the difference and ensure compliance with tax regulations.
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