- Pan Card Cancellation: How to cancel a PAN after death of the PAN holder
- How to lodge a PAN related complaint online
- Surrender PAN Card: How to surrender additional PAN card and what are the consequences
- PAN-Aadhaar linking deadline extended till March 2019: CBDT order
- How to update a minor's PAN card once he becomes adult
- How to link PAN with Aadhaar
- CBDT amends PAN application form to include third gender option
- Father's name not mandatory for PAN application in case mother is single parent
There are various providers like card protection plan companies, banks, credit card companies and finance companies offering variants of the product. A card protection plan can help by providing insurance cover against loss, theft or fraud that has occurred.
Filing income tax returns, GST, and TDS can be daunting for many, particularly the Gen Y and Z. Bringing a user-friendly platform to address tax-related queries, two aspiring CAs have developed a chat-based application run by tax experts.
According to a press note, a customer last week visited one of Canara Bank branches in Bengaluru with a friend seeking a home loan. He submitted documents claiming he wanted to buy two flats at KR Puram.
After launching the beta-facility in February, Finance Minister Nirmala Sitharaman has officially launched instant PAN- a paperless, free-of-cost service where you get e-PAN in near real-time, basis Aadhaar e-KYC. Shambhavi Mehrotra of ET Online tells you the process to get instant PAN.Instant PAN launched, here's how to get e-PAN using your Aadhaar
The facility is a paper-less, free of cost and on a real-time basis. As per the income tax department, the turn-around-time of alloting an e-PAN is 10 minutes on a real-time basis.
The high court had earlier also held in another case in 2016 that PAN card and bank documents are not proofs of citizenship. Certificates issued by a 'Gaon Bura' or village headman also cannot be the proof of citizenship as such a certificate can only be used by a married woman to prove that after her marriage she had shifted to her matrimonial village, the court ruled.
Permanent Account Number or commonly known as PAN card is one of the important financial document. PAN is required to conduct various financial transactions such as investing in fixed deposit, mutual funds and so on.
With many working from home, safety processes may not be as tight as those in offices, say experts.
The move comes as several new PAN applications are stuck. Industry estimates suggest there are around 400-500 such applications pending. PAN card is mandatory for any foreign entity that seeks to do business in India.
The CBDT, which frames policy for the tax department, had issued an order in this context.
Centre had amended the law to make sharing of Aadhaar must in case someone does not have a PAN.
The deadline for linking of PAN and Aadhar had been extended several times and now the new deadline is March 31, 2020. So, if a person doesn’t link his PAN with Aadhar by the said date, his PAN shall be inoperative.
If your PAN is not linked with Aadhaar by this date, then your PAN will become inoperative.
Govt to suspend as many as 18 crore PAN cards not linked to Aadhaar. The suspension is aimed at checking evasion of taxes. This move will help invalidating PAN cards that are not linked to Aadhaar.Crackdown on fake IDs: 18 cr PAN cards to become invalid
Linking your PAN with Aadhaar is mandatory to file your income tax return. Another thing you to keep in mind is that if your PAN is not linked with Aadhaar by the December 31 deadline, then as per current laws your PAN will become inoperative.
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.
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.
Supreme Court makes linking of Aaadhar with Pan card compulsory to file income tax returns.SC orders linking Aadhar with Pan card compulsory
It added cases where a taxman has conducted raids and instances categorised under "extraordinary circumstances" shall also not be covered under the faceless assessment system.
Sharing of Aadhaar number will be voluntary in view of the Supreme Court ruling in this regard. Other details being sought such as PAN, driving licence, voter ID and passport number are all part of various government-held databases
It would still be mandatory, however, to quote the Aadhaar number while filing ITR.
The 'mega million' launch will take place in all states and Union territories.
Since PAN is an important ID proof to conduct even the most basic of financial transactions, it is important that you are aware of these changes.
The number of people filing income tax returns has increased by 50% to 6.08 crore so far in the assessment year 2018-19 compared to the year-ago period.
Making Aadhaar and PAN interchangeable for return filing and quoting either for transactions indicates the Government's will to use Aadhaar to track all financial transactions.
Through the proposed 2% TDS, govt hopes to improve tracking of entities that withdraw large amounts of cash.
PAN is "certainly not dead" and the recent Budget announcement is just an "additional facility", CBDT said.
The finance minister announced the interchangeability of Aadhaar and PAN.
Rai said that representatives from both the companies would soon be reaching out to the authorities in these countries .
PAN card is a key document used for tax purposes and as a valid identity proof. The data recorded on PAN must be accurate and up-to-date.
It is important to note that all accounting documents need to be certified by a CA and audited proof of continuation of will need to be submitted.
CBDT in its notification dated November 19, 2018, specified the deadline by which non-individual are mandatorily required to apply for PAN in case they do not possess one.
While it is important to have a PAN, it is also equally important to cancel one that is allotted under certain circumstances such as on the death of the PAN holder.
PAN is a 10-digit alphanumeric identity allotted by the income tax department which is required to conduct even the simplest of financial transactions.
The deadline for filing claims and objection in NRC ended on December 31, 2018.
Aadhaar based registration for NPS account has been disabled since January 2019. Here's the process to open an account online.
The earlier deadline to link PAN and Aadhaar was March 31, 2019, but, there was no clarity among chartered accountants and legal experts as to whether PAN will become inactive.
Last date to link PAN with Aadhaar is March 31. However, CAs and legal experts have differing opinions on the validity of PAN after the deadline.
There are three ways to link PAN with Aadhaar which are as follows: (a) Through SMS, (b) Through e-filing portal, and (c) While e-filing income tax return.
Till now, the department used to issue refunds to taxpayers either in their bank accounts or through account payee cheques, in a case-to-case basis depending on the category of taxpayers.
The court's direction came on an appeal filed by the Centre against a Delhi High Court order allowing two persons to file ITR for 2018-19 without linking their Aadhaar and PAN numbers.
PM asks for e-mails to be sent to PAN card holders informing them of action against corrupt officials
PM also asked CBDT to aim to shift to 100% technology driven mechanism for all the issues including e-assessment and sensitize its officers to increase efficiency and effectiveness.
As per Section 272B of the Income Tax Act, the income tax officer can levy a penalty of Rs 10,000 on you for having more than one PAN card.
If you are looking to correct your PAN details, it can be done online as well as offline. Here's your primer on how to go about it.
On checking with the other bank, it emerged that someone had submitted a forged copy of his PAN card, with a different picture and a signature to get several loans sanctioned in his name.
Correctly determining and defining your needs will ensure that you do not borrow too less of too much and that you have it planned out.
The five steps listed here can make the process of taking a loan simpler and systematic.
Currently, furnishing father's name is mandatory for the allotment of Permanent Account Number (PAN).
the Centre had contended that Aadhaar was made mandatory for allotment of PAN to weed out fake cards which were used for terror financing and circulation of black money.
A bench of Justice A.K. Sikri and Justice Ashok Bhushan took the decision even as Attorney General Mukul Rohatgi stoutly defended the government.
The government has rescinded notification that extended provisions of the Prevention of Money Laundering Act, 2002, (PMLA) to jewellery purchases.
The majority judgment still carries a confusion that has dogged the project through the years: is there such a thing as an "Aadhaar card" ?
Thomas alleged that the Centre collecting personal data of citizens including the army and police personnel and handing them over to foreign agencies could well be termed “espionage or treason”.
P2P is an online marketplace where lenders get access to people who need to borrow.
The panel was set up to look at various facets of household finance in India on the recommendations of the subcommittee of the Financial Stability and Development Council meeting last year.
At present, furnishing of father's name is mandatory for the allotment of permanent account number (PAN).
At present, furnishing of father's name is mandatory for the allotment of permanent account number (PAN).
Forging PAN cards, voter identity cards, children’s birth certificates were different modes used by these people for their inclusion in the draft.
A total of 14,726 Pakistani citizens were given LTVs between 2011 and 2014 after they submitted applications in papers (offline), a Home Ministry official said.
The government has given beneficiaries time till March 31, 2019 to apply for Aadhaar if they have yet to get the 12-digit unique identity number, even as the Ayushman Bharat scheme may be rolled out later this year.
Govt had defended the law, rejecting claims against it over privacy concerns and terming biometric identification as a vital feature of contemporary society.
The AG said that due to Aadhaar, government has saved over Rs 50,000 crore on the schemes to benefit the poor as well as the pension schemes.
You must keep your PAN card handy to enter the required details on registration portal. You will be required to provide your mobile number and email ID as well.
Before you start filing ITR, you need to know all the income sources in FY 2017-18 and choose the correct ITR form to file your return.
From Saturday onwards if one is caught with plastic items that are banned in karnataka, state civic inspectors will note down all details pertaining to the person.
Millions of Indians could be facing the problem as the government insists on Aadhaar-PAN linking by July 31, a prerequisite to filing tax returns.
RBI has tightened the rules for remitting money abroad under the Liberalised Remittance Scheme and made PAN mandatory for anyone using this scheme.
It is important to note that building a good credit score does not happen overnight and it takes a considerable amount of time to see improvement.
Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification.
According to the Customs Brokers Licensing Regulations, 2018, an applicant seeking to get a licence for customs broker should hold Aadhaar as well as PAN card.
The I-T department, on April 10, amended income tax rules to allow transgenders be recognised as an independent category of applicants for obtaining a Permanent Account Number (PAN).
Both bank and post office PPF account holders can transfer can transfer their account from one account office to another accounts office, according to PPF rules.
Loans do not come for free and along with the interest that you pay on the loan, there can be other associated costs involved.
Here are ten tips on how to draft a basic will by including the mandatory details and avoiding technical glitches and mistakes.
According to notification issued dated April 9, 2018, Form 49A and Form 49AA, will now also have the option of transgender, along with the 'Male' and 'Female'.
Govt amends PMLA rules to extend Aadhaar linking date for all financial accounts till after SC order
In case the client fails to submit the Aadhaar number and Permanent Account Number within the aforesaid six months period, the said account shall cease to be operational till the time the Aadhaar number and Permanent Account Number is submitted by the client.
Government has made it mandatory to link Aadhaar and PAN for every PAN holder (except certain categories) by amending the income tax laws in the last budget.
Here is the list of documents that a borrower has to submit to the lender for a loan against property, personal loan, commercial vehicle loan and business loan.
Religious minorities from Pakistan staying in India on long-term visa could soon be issued Aadhaar/PAN cards and driving licence.
Any deposit with a bank or a post office as well as opening of an account, other than Jan-Dhan, also requires the PAN card.
Modifications in the scheme include making Aadhaar and PAN mandatory; New provision to allow a second loan of up to Rs 1 crore to existing PMEGP units.
The purchase data of buyers and sellers of the virtual currency can then be traced through either the Aadhaar ID or the PAN of the user.
This will mean that even the non-tax paying entities such as not-for profits, trusts or societies will have to now apply for a PAN number.
"These kinds of problems may not be a ground for holding a statute unconstitutional," a five-judge Constitution bench, headed by Chief Justice Dipak Misra, said.
Get to know the process of applying for a PAN by an NRI as they need to provide certain documents which are specific to them.
The allotment of PAN is being carried out through two service providers, NSDL e-Gov and UTIITSL, which collect applications, process them, digitise the data and submit the same to ITD
The distribution of new-look PAN cards, being printed by NSDL and UTIITSL (UTI Infrastructure Technology and Services Ltd), started since January 1.
As a policyholder you can login to the customer service portal of the insurance company and add your Aadhaar details to your profile.
Minister of State for Home Kiren Rijiju said there have been no specific reports that some people were providing illegal accommodation to Rohingyas.
The apex court said that it has come on record that 11.35 lakh duplicate or fraudulent PAN cards have been detected and out of these, 10.52 lakh cases pertain to individual assesses.
On November 8, the Irdai had directed the insurers to link Aadhaar and Pan Card numbers with insurance policies.
Attorney General K K Venugopal, representing the Centre, said the government was willing to extend the deadline up to March 31 next year for mandatory linking of the national biometric identifier to avail the benefit of various services and welfare measures.
The Centre had on December 7 told the apex court that the deadline for mandatory linking of Aadhaar would shortly be extended till March 31.
Sebi had put restrictions on the firm and asked it to shut down its business, saying it cannot accept new deposits and must return investors’ funds within three months .
Earlier the Irdai had issued a circular making it mandatory for all policyholders to link their Aadhaar and PAN details to their insurance policies.
To get started, you need to complete a one-time registration using your mobile number.