Page 4 - Pan Card

An NRI without a PAN? File Form 10F manually till next March for lower TDS

You should check tax residency certificates too: If it has the required details, submit it instead

PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative

The Income Tax department Saturday issued an advisory that those permanent account numbers (PAN) which are not linked with Aadhaar by the end of March next year will be rendered "inoperative". "What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory. "As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative," it said. The 'exempt category', according to a notification issued by the Union Finance Ministry in May 2017, are those individuals residing in the states of Assam, Jammu and Kashmir and Meghalaya; a non-resident as per the Income-tax Act, 1961; of the age of 80 years or more at any time during the previous year and a person not a citizen of India. A circular issued by the Central Board of Direct Taxes (CBDT) on March 30 said once a PAN becomes inoperative, an individual sha

Firms' PAN to be identifier for govt single window clearance system

PAN database has relevant information about companies, says commerce minister Piyush Goyal

Low-value transactions via digital rupee to be kept anonymous: Report

On December 1, some users will receive a CBDC wallet containing notes signed by the RBI governor

MCA planning to shift all company forms to new portal by December

Currently only nine forms are to be filled on the new version, ministry officials cite surge in company submissions on version 3

AMCs to freeze non-PAN card MF portfolios from April 2023, says AMFI

Restrictions on redemptions from such accounts is already in place since 2019

No online transactions in MF folios with wrong phone numbers from Oct: CAMS

According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.

I-T dept likely to make PAN mandatory for cryptocurrency investors

I-T dept plans to seek statement of transactions from crypto exchanges

Legal heir bound by law to file deceased's tax return for year of death

Failure to do so can result in penalties for the legal heir

ITR: 5 common mistakes you should avoid while filing your income tax return

The taxpayers are required to fill out several forms, Form 26AS, Form 16, capital gains statement, and interest certificates, among others. In all the paperwork, some mistakes are bound to happen

Income tax rules: Here are the changes in rules from July 1, 2022

While the late fees for linking PAN-Aadhaar will shoot up, doctors and influencers will have to pay 10% TDS on the benefits they receive from sales promotions

Home truths about door-to-door vaccinations for persons with disabilities

Denial of doses to persons without IDs, absence of segregated data and low awareness pose question mark on campaign

PAN mandatory for cash deposit or withdrawal of Rs 20 lakh or more

PAN will also be required for opening of current and cash credit account

Quoting PAN or Aadhaar must for deposit or withdrawal of Rs 20 lakh or more

CBDT said furnishing the PAN or Aadhaar will be mandatory for such high-value deposits or withdrawals from banks, or opening of a current account or cash credit account with a bank or post office

Linking PAN & Aadhaar is inevitable: What happens after March 31

The fee will be Rs 500 for those who link their PAN with Aadhaar between April 1 and June 30, 2022

PAN to become inoperative after March 2023 if not linked to Aadhaar

For those who do not have access to income tax portal, the linking process is made available through SMS also

CBIC cautions against sharing Aadhaar, PAN details without valid reasons

"Protect your personal data which may be used for creating fake entities in GST for evasion of taxes," the CBIC tweeted

LIC policyholders must update PAN details by Feb 28 to participate in IPO

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March

PAN-Aadhaar linkage deadline extended by six months till March 2022

The government on Friday extended by six months till March 2022 the deadline to link PAN with biometric ID Aadhaar. In a statement, the Central Board of Direct Taxes (CBDT) said to address the hardship being faced by various stakeholders on account of the COVID-19 pandemic, the timeline has been extended which will ease compliance. "Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN with Aadhaar has been extended from 30th September, 2021 to 31st March, 2022," it said. Also, the due date for completion of penalty proceedings under the I-T Act has been extended from September 30, 2021 to March 31, 2022. Further, the time limit for issuance of notice and passing of order by the Adjudicating Authority under the Prohibition of Benami Property Transactions Act, 1988 has been extended to March 2022.

Over 2.58 mn ITRs filed, 0.79 mn e-PANs allocated at new IT e-filing portal

The new Income Tax Department website, which has been marred by glitches, has successfully received over 2.5 million returns, more than 35.7 million unique logins