Permanent Account Number

Is Aadhaar Becoming A Conclusive Proof For Income Tax Department Apart From PAN?

Income Tax - There are discrepancies, in many cases, in respect of spellings, date of birth, phone number, address, etc. in the data of PAN and Aadhaar, it becomes practically not possible to link Aadhaar with Income tax e-return filing site in such cases....

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PAN without aadhaar = invalid PAN

Income Tax - The Government has mandated use of Aadhaar Number in most of the Subsidy Schemes where the benefit of Subsidy is directly transferred to beneficiary instead of the earlier practice of through Suppliers. This has resulted in plugging leakages in Subsidies...

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Connecting Aadhaar with PAN & challenges to be faced by foreign nationals filing Income Tax Returns in India

Income Tax - As per the newly inserted Section 139AA of the Finance Act 2017, if a person covered under this section want to file a return of income on or after July 1, 2017, it will be mandatory for him to quote the Aadhaar number in the return....

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PAN mismatch during GST migration- Problems & Solutions

Income Tax - Since enrolment application went live,of many issues,one particular issue that has been reported in significant numbers was pertaining to PAN validation of taxpayers,required to be done after the application is submitted with either e-signature or DSC.GSTN has investigated many such issues and have taken certain steps to help tax payers m...

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Updated list of Transactions in which PAN is to be quoted

Income Tax - Government mandated Quoting of PAN for cash deposit with Bank and Post Offices if it (i) exceeds Rs. 50000 during any one day; or (ii) aggregates to more than Rs. 250000 during the period 09th November, 2016 to 30th December, 2016 ...

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CAs to update PAN details to avoid blocking of Income Tax e-filing account

Income Tax - It has been informed by the Income Tax Department that the e-Filing account of the members, who have not provided their PAN details to the Institute but are using e-filing account with Income Tax Department, will be blocked by the Income Tax Authorities after April 30, 2017 in case the same is not updated....

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PAN and TAN within 1 day

Income Tax - CBDT has tied up with Ministry of Corporate Affairs to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in 1 day....

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Aadhaar to be mandatory for income tax returns and PAN

Income Tax - Union government has proposed making Aadhaar mandatory for filing income tax returns and for obtaining Permanent Account Number (PAN) through proposed  amendments to the finance bill 2017. The government on 21.03.2017 proposed making Aadhaar mandatory for filing of income-tax returns as well as for obtaining and retaining the PAN. Accord...

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Bank to obtain and link PAN or Form No. 60

Income Tax - Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017....

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NSDL Cautions on Fake Calls for collection of PAN Fees

Income Tax - NSDL e-Gov does not make any calls for recovery / collection of amounts for issuance of PAN/processing PAN applications nor does it solicit any bank or credit / debit card details from the applicants over phone or e-mail....

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Section 206AA not overrides other provisions of Income Tax Act, 1961

Nagarjuna Fertilizers and Chemicals Limited Vs ACIT (ITAT Hyderabad) - Assessee cannot be held liable to deduct tax at higher of the rates prescribed in section 206AA in case of payments made to non-resident persons having taxable income in India in spite of their failure to furnish the Permanent Account Numbers....

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Resolve duplicate PAN requests marked during PAN allotment: DIT

Instruction No. F.No. PDGIT(S)/ADG(S)-1/ITBA-PAN Instructions/0001/2016-26-Income Tax - (11/04/2017) - As per procedure put in place a reasonable number of PAN allotment requests are being marked as probable duplicate by the system, during process of allotment of PAN, which has to be resolved by respective Regional Computer Centres (RCCs) and a decision is taken by matching details of already allotte...

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CBDT extends time to Furnish PAN / Form No. 60 to Banks

Notification No. 27/2017-Income Tax - (05/04/2017) - CBDT has extended time to furnish permanent account number or Form No. 60 by bank account holders who have not furnished the same at the time of account opening or subsequently to on or 30th day of June, 2017....

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How to apply PAN through SPICe Form No. INC-32

Notification 2/2017-Income-Tax - (09/03/2017) - Procedure of PAN application through Simplified Profoma for Incorporating Company Electronically (SPICe) (Form No. INC-32) of Ministry of Corporate Affairs....

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Allotment of PAN through a common application form

Notification No. 09/2017-Income Tax - (09/02/2017) - An applicant may apply for allotment of permanent account number through a common application form notified by the Central Government in the Official Gazette, and the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) shall specify the classes of persons, ...

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New design of PAN card with effect from January 1, 2017

Circular No. NSDL/TIN/12017/001 - (10/01/2017) - All TEN-FCs & PAN Centres are hereby informed that the Income Tax Department (ETD) has prescribed certain changes in the existing design of the PAN Card_ Accordingly. with effect from January 1, 21:117, PAN cards are being printed as per the new design specifications approved by ITD....

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Recent Posts in "Permanent Account Number"

Resolve duplicate PAN requests marked during PAN allotment: DIT

Instruction No. F.No. PDGIT(S)/ADG(S)-1/ITBA-PAN Instructions/0001/2016-26-Income Tax (11/04/2017)

As per procedure put in place a reasonable number of PAN allotment requests are being marked as probable duplicate by the system, during process of allotment of PAN, which has to be resolved by respective Regional Computer Centres (RCCs) and a decision is taken by matching details of already allotted PAN and new PAN request to either allo...

Read More

Is Aadhaar Becoming A Conclusive Proof For Income Tax Department Apart From PAN?

There are discrepancies, in many cases, in respect of spellings, date of birth, phone number, address, etc. in the data of PAN and Aadhaar, it becomes practically not possible to link Aadhaar with Income tax e-return filing site in such cases....

Read More
Posted Under: Income Tax |

CAs to update PAN details to avoid blocking of Income Tax e-filing account

It has been informed by the Income Tax Department that the e-Filing account of the members, who have not provided their PAN details to the Institute but are using e-filing account with Income Tax Department, will be blocked by the Income Tax Authorities after April 30, 2017 in case the same is not updated....

Read More
Posted Under: Income Tax |

PAN and TAN within 1 day

CBDT has tied up with Ministry of Corporate Affairs to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in 1 day....

Read More
Posted Under: Income Tax | ,

PAN without aadhaar = invalid PAN

The Government has mandated use of Aadhaar Number in most of the Subsidy Schemes where the benefit of Subsidy is directly transferred to beneficiary instead of the earlier practice of through Suppliers. This has resulted in plugging leakages in Subsidies...

Read More
Posted Under: Income Tax | ,

Connecting Aadhaar with PAN & challenges to be faced by foreign nationals filing Income Tax Returns in India

As per the newly inserted Section 139AA of the Finance Act 2017, if a person covered under this section want to file a return of income on or after July 1, 2017, it will be mandatory for him to quote the Aadhaar number in the return....

Read More
Posted Under: Income Tax |

CBDT extends time to Furnish PAN / Form No. 60 to Banks

Notification No. 27/2017-Income Tax (05/04/2017)

CBDT has extended time to furnish permanent account number or Form No. 60 by bank account holders who have not furnished the same at the time of account opening or subsequently to on or 30th day of June, 2017....

Read More

Aadhaar to be mandatory for income tax returns and PAN

Union government has proposed making Aadhaar mandatory for filing income tax returns and for obtaining Permanent Account Number (PAN) through proposed  amendments to the finance bill 2017. The government on 21.03.2017 proposed making Aadhaar mandatory for filing of income-tax returns as well as for obtaining and retaining the PAN. Accord...

Read More

PAN mismatch during GST migration- Problems & Solutions

Since enrolment application went live,of many issues,one particular issue that has been reported in significant numbers was pertaining to PAN validation of taxpayers,required to be done after the application is submitted with either e-signature or DSC.GSTN has investigated many such issues and have taken certain steps to help tax payers m...

Read More

How to apply PAN through SPICe Form No. INC-32

Notification 2/2017-Income-Tax (09/03/2017)

Procedure of PAN application through Simplified Profoma for Incorporating Company Electronically (SPICe) (Form No. INC-32) of Ministry of Corporate Affairs....

Read More
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