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Latest Articles in pan card

Double Penalty To Be Charged From 1 July: Linking Of PAN And Aadhar

Section 234H of the Income Tax Act (via Finance Bill in March 2021) now stipulates that failure to link a PAN with Aadhaar by 31 March, 2022 could attract up to 1,000 rupees in penalties

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Protean and PayNearby Will Work Together To Offer Paperless PAN Services

The partnership will help improve service delivery for millions of citizens as they enter the formal financial sector

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Quoting PAN Or Aadhaar Must For Deposit Or Withdrawal Of Rs 20 Lakh Or More

The Central Board of Direct Taxes (CBDT), in a notification, said furnishing the Permanent Account Number (PAN) or biometric Aadhaar will be mandatory for such high-value deposits or withdrawals from banks in a financial year, or opening of a current account or cash credit account with a bank or post office

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PSBs Recover More Than Rs 5.49 Tn Over Last 7 Fiscal Years, Says FM In LS

The government has taken comprehensive steps to reduce NPAs and to effect recovery, enabling public sector banks to recover more than Rs 5.49 trillion over the last seven fiscal years

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Govt Makes Identity Verification Mandatory For New Importers, Exporters

Importers, exporters and customs brokers would have to undertake authentication of Aadhaar; and PAN verification on the Customs common portal.

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Hackers Leak Data Of 9.9 Cr Indians Allegedly From Mobikwik Database, Co Rejects Claim

A hacker group by the name of Jordandaven emailed the link of the database to PTI and said that they do not have any intention of using the data except to get money from the company and delete it from their end.

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Driving Automation And Efficiency In Loan Processing Using Text Analytics

The text analytics tool can process documents like PAN Card, Bank Statements, Passport, Voter ID, Aadhar, CIBIL score report etc. and extract information relevant to credit worthiness assessment in real-time.

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Obtaining PAN Card Will Be Made Simpler, Says Sitharaman

The Finance Minister will be on a two-day official visit to Hyderabad and Bengaluru on February 16 and 17 to hold interactive sessions with various stakeholders on Union Budget 2020-21.

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Date Of Linking Aadhaar And PAN Extended Till March 2020

Earlier the deadline for the Aadhaar-PAN linkage was September 30 which was extended to December 31.

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Over 21.08 Crore PAN-Aadhaar Linkages Till Now: Data

As per official figures accessed by PTI, a total of 21,08,16,676 PANs issued by the Income Tax Department have been linked with Aadhaar till Monday

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The Dog’s Tail

There is no loophole that has not met an Indian taxpayer. A Hindi proverb says you can never straighten a dog’s tail (kutte ki poonch…).

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14 Crore PAN-Aadhaar Linkages Done Till Now

There are about 33 crore PAN cards, while Aadhaar has been issued to about 115 crore people. "Over 41 crore PANs have been linked with the Aadhaar till now. The linkages are ongoing," a senior official said

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PAN Not Needed For Cash Sale Of Agriculture Produce Up To Rs 2 Lakh Per Day

The provision implies that any cash sale of an amount of Rs 2 lakh or more by a cultivator of agricultural produce is prohibited under section 269ST of the Act

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Deadline For Aadhaar-PAN Linkage To Stay: UIDAI CEO

The requirement for Aadhaar being quoted for availing government subsidies, welfare schemes and other benefits will also continue unhindered for now

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I-T Department To Launch Massive Crackdown Against Shell Companies

The Registrar of Companies have removed 1,62,618 companies from the register as on July 12, 2017 after following the due process under Section 248 of the Companies Act, 2013

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