Preeti Motiani
Do keep in mind that it is advisable to link your PAN with Aadhaar number before quoting it in lieu of PAN. This is because there still is no clarity whether second PAN will be allotted to you if your Aadhaar is not linked to PAN.
The Reserve Bank of India, in its monetary policy review today, kept the repo rate unchanged at 5.15%
Section 272B of the Income Tax Act provides for a levy of Rs 10,000 every time a wrong ID number is quoted.
CBDT issued a notification in August where it stated that if someone without a PAN card quotes their Aadhaar number, then the income tax department will consider this an auto-application for PAN and it will be issued to the individual.
Aadhaar card is an important document. To apply for Aadhaar card, you must have valid ID proof and address proof. However, you can still apply for Aadhaar card if you do not have the required documents. Here are two ways to apply for Aadhaar card.
At the time of switching from the previous job to another one, an individual can transfer money from his/her old EPF account to new one online. However, there are certain conditions that an individual must satisfy while transferring money.
According to the CBDT notification, an individual is required to deposit the tax deducted within 30 days from the end of the month in which the deduction was made. The tax must be deposited along with a challan-cum-statement in Form 26QD.
NPS offers two types of accounts for an individual - Tier-I and Tier -II. It is mandatory to open a Tier-1 account to invest in NPS. However, there are certain conditions that must be met to make partial withdrawals from a Tier-1 account.
If you have a grievance related to your PF account like withdrawal, transfer and so on, then EPFO has a dedicated website called 'EPF I Grievance Management System' where you can file such complaints. You can also file them if you do not have UAN.
In October, UPI based transactions have hit a landmark of one billion transactions. Therefore, as methods of making payments have become technologically advanced, fraudsters have also evolved different ways to con you out of your hard-earned money.
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