From May 26 onwards, anyone depositing or withdrawing Rs 20 lakh or more from one or more bank accounts in a financial year will have to quote the Permanent Account Number (PAN) at the time of withdrawal. With a view to curb evasion of taxes through the use of cash, the Central Board of Indirect […]
Read moreAadhaar with PAN: In view of the COVID-19 pandemic, certain time limits specified under the various tax and Benami laws have been extended by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and subsequent notifications issued under this Act. The extended last date for intimating Aadhaar number under the Income-tax […]
Read moreThe Finance Minister Nirmala Sitharaman has launched the facility for instant allotment of PAN (on near to real time basis). This facility was announced in the Union Budget 2020 by Finance Minister. Facility is available for those PAN applicants who: possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment […]
Read morePeople who still have not linked their Permanent Account Numbers (PAN) with their Aadhaar card number will fall in a big problem. They may face two major problems- one is the cancellation of their PAN Card, and the other is the penalty if the PAN Card holder uses the cancelled card. For not linking their […]
Read moreCentral Board of Direct Taxes (CBDT) inserted new facility of PAN allotment on the basis of Aadhaar card. Finance Minister Nirmala Sitharaman announced this new facility apply for instant PAN in her speech of Union Budget 2020. Now, Instant PAN allotment in near to real time is available at free of cost. Individuals (other than […]
Read moreThe due date for linking of PAN with Aadhaar as specified under sub-section 2 of Section 139AA of the Income-tax Act,1961 has been extended from 31st December, 2019 to 31st March, 2020. Notification no.107 of 2019 dated 30/12/2019 issued by CBDT. Get the procedure for Linking PAN with Aadhaar The government has extended the deadline […]
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