Page 5 - Pan Card

IBBI puts out Aadhaar, PAN info of creditors on website; removes them later

A senior official said the details came into the public domain "inadvertently" as the regulator is working on a beta project to host the information of creditors

The future of taxation is automation

The finance ministry's new online tax filing system will help expand the tax base by reducing the time and effort required to register a new taxpayer and create a permanent account number

Foreigners won't need PAN for investment in GIFT alternate investment funds

PAN requirement will no longer apply to such investors

Covid impact: Govt extends deadline for PAN-Aadhaar linkage till June 30

The income tax department said it has received representations from taxpayers for the extension in the wake of the ongoing Covid pandemic

Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

Lower tax collected at source rate on funds remitted for education

But a higher rate will be levied if PAN isn't furnished

New procedure on promoters' PAN applies under takeover norms also: Sebi

In order to align the practices, Sebi on Wednesday asked depositories and exchanges to use the new procedure of capturing the PAN of the promoters from listed companies for disclosures under the takeover norms also. Earlier this month, the regulator put in place a detailed procedure for system-driven disclosures under the PIT (Prohibition of Insider Trading) Regulations. This system-driven disclosures will pertain to trading in equity shares and equity derivative instruments -- futures and options -- of the listed company by such entities. The new framework required that the capture of the Permanent Account Number (PAN) of the entities be done from the listed company itself, rather than through the registrar and share transfer agents (RTAs). In order to align the practices, it has been decided to use the procedure of capturing the PAN of the promoters from listed companies as stipulated by the regulator earlier this month for SAST (Substantial Acquisition of Shares and Takeover) no

Eligibility to prepare e-invoice under GST based on PAN, says expert

One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests

IT dept launches functionality for banks to check refund filing status

The Income Tax department on Wednesday said it has launched a functionality for scheduled commercial banks to check status of income tax returns filed by entities based on their PAN

Taxpayers don't need to mention high-value transactions in ITR form: Report

Government is not considering any modification in the ITR form

Income tax scrutiny down in AY18; Delhi faced the highest, Bihar the least

Gujarat the most tax-compliant state in terms of proportion of return filers to PAN holders

In pictures: All updates on Income Tax deadlines, exemptions, GST fine

Here are the eight major announcements by the govt in the recent past

Of 9 Maharashtra MLCs elected, 8 have average assets worth Rs 28.9 cr

Association for Democratic Reforms (ADR) and Maharashtra Election Watch have analysed the self-sworn affidavits of all the nine winners. Of the nine, eight are crorepatis

Govt promulgates ordinances on inter-state agri trade, contract farming

However, both of Ordinances give unbridled power to the lower bureaucracy in times of dispute between farmers and buyers that can be companies in case of the Contract agreement.

Centre paves way for licence-free purchase directly from farmers

Any buyer with a PAN can purchase from farmers; no state or central taxes on direct procurement; food items removed from EC Act

Over 100,000 scanned ID copies of Indians put on dark net for sale: Cyble

According to a report by cyber intelligence firm Cyble, the leaked data seems to have originated from a third party and not from the government system.

FM Sitharaman launches scheme for instant allotment of online PAN

In a statement, the Central Board of Direct Taxes (CBDT) said Finance Minister Nirmala Sitharaman on Thursday formally launched the facility.

Fine only for frivolous complaints

The State Commission pointed out that costs could be imposed only if the complaint was frivolous and vexatious. But DeSouza did have a genuine grievance

'Don't miss the March 31 deadline': I-T Dept on PAN-Aadhaar linking

The Income Tax Department on Monday issued a public message saying it was "mandatory" to link PAN with Aadhaar and advised people not to "miss" the stipulated deadline of March 31. The department had last month said Permanent Account Number (PAN) will become "inoperative" if it is not linked with Aadhaar by this date. "Don't miss the deadline!" "It is mandatory to link your PAN and Aadhaar before 31st March, 2020. You can do it through Biometric Aadhaar authentication & also by visiting the PAN service centers of NSDL and UTITSL," the department said in the latest post on social media. In a video, attached with the message on its Twitter handle @IncomeTaxIndia, it said such a linking is for a "beneficial tomorrow". The video described that there are two ways to complete this task: 1. Send SMS to 567678 or 56161 in the format: UIDPAN12digit Aadhaar>10digitPAN> 2. Through e-filing portal of the department: www.incometaxindiaefiling.gov.in. The Central Board of Direct Taxes

PAN-Aadhaar linking: Do it before March 31 or else pay Rs 10,000 fine

As per the latest figures, over 307.5 million PANs have already been linked to Aadhaar, while 175.8 million PANs are yet to be linked with the 12-digit biometric ID