pan number

Late fees under section 234H for non-linking of PAN with Aadhaar

Income Tax - Provisions of section 234H of the Income Tax Act are recently inserted vide the Finance Act, 2021. Accordingly, section 234H is made effective from 1st April 2021. It deals with the late fees payable on account of failure to intimate the Aadhaar number to the Income Tax Department (i.e., link the PAN with Aadhaar). The […]...

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How to link PAN with Aadhaar in new e-filing portal

Income Tax - Applicability and Benefits in filing of Income-Tax return | How to link PAN with Aadhaar in the new e-filing portal It’s that time of year again!! And if you think you are only required to file your income tax return if your employer has deducted TAX from your salary, then you are WRONG! Who has […]...

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Benefits and Procedure of Linking Aadhar with PAN

Income Tax - AADHAR – PAN LINKING As per Section 139AA of the Income Tax Act, every person who has PAN as on July 1, 2017, is required to link his/her PAN with his/her Aadhaar number within the due date notified by the government provided such person is eligible to obtain an Aadhaar number. Also, every person who is […]...

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How to link Aadhaar and PAN on Income Tax Website

Income Tax - How to link Aadhaar and PAN on Income Tax Website – FAQs Q.1 Who needs to link Aadhaar and PAN? Ans. Section 139AA of the Income Tax Act provides that every person who has been allotted a permanent account number (PAN) as on the 1st day of July, 2017, and who is eligible to obtain […]...

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Functionality to register complaint on misuse of PAN in GST Registration

Income Tax - FUNCTIONALITY TO CHECK MISUSE OF PAN To address the complaint related to misuse of PAN for obtaining GST registration, a functionality to register such complaints on GST Portal has been introduced. It will check the misuses, control the frauds and help officers in enquiry and cancellation of such registration. Once complaint is registered...

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MSME Registration possible with mere PAN & Aadhaar

Income Tax - Addressing a webinar of SME Street Game Changers Forum this evening, Shri Gadkari said that now only PAN and Aadhaar will be required for registration of MSMEs....

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Follow these steps to get your PAN instantly

Income Tax - Getting a PAN has never been this easy! All you need, is your Aadhaar number. Just visit the e-filing portal of IT Department & follow the steps provided to generate your ePAN, within minutes! Click to apply now:  https://www.incometaxindiaefiling.gov.in/e-PAN/index.html?lang=eng  ...

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PAN-Aadhaar Linking Possible after 31st March 2020

Income Tax - According to the income tax department, PAN and aadhaar linking is possible even after 31st March 2020. Though there’s a twist here, this linking is possible on condition that the PAN will remain inoperative post the deadline till the date they link the 2 cards. New notification The central board of direct tax has issued a new notifi...

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PAN cards now printed with Enhanced Quick Response Code

Income Tax - ATTENTION PAN CARD APPLICANTS PAN cards are now being printed with Enhanced Quick Response (QR) Code. Features of new PAN Card design: 1. Enhanced QR Code will contain Photograph & Signature of PAN applicant apart from existing information i.e., PAN, Name, Father’s Name/Mother’s Name, Date of Birth/Incorporation/ Formation. The af...

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Interchangeability of PAN and Aadhaar to file tax return proposed

Income Tax - Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to  Rs. 400 crore from earlier cap of upto Rs 250 crore  Interchangeability of PAN and Aadhaar to file tax return proposed 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a bank account to encourage […]...

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DTAA overrides Section 206AA of Income Tax Act, 1961

DCIT Vs Bharath Fritz Werner Ltd. (ITAT Bangalore) - DCIT Vs Bharath Fritz Werner Ltd. (ITAT Bangalore) At the time of hearing it was not disputed that the issue raised by the revenue in its appeals are already decided by a Special Bench of ITAT, Hyderabad. The issue regarding the applicability of provisions of section 206AA of the Act, in cases of ta...

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Non-Availability of PAN of Deductee is not valid excuse for not filing TDS Return

Mahanadi Coal Fields Ltd. Vs JCIT (TDS) (ITAT Cuttack) - The assessee cannot escape himself for non-filing quarterly TDS merely stating that the PAN of the employees are not available. The penalty is provided in the Income Tax provisions u/s.272A(2)(k) of the Act is mandatory in nature except in case of reasonable cause proved by the assessee, which is la...

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Appellant PAN can’t be declared inoperative for Non-Linking with AADHAAR till SC verdict

Bandish Saurabh Soparkar Vs Union of India (Gujarat High Court) - It is ordered that PAN of the applicant shall not be declared inoperative and the applicant would not be in default in any proceedings only for the reason that the permanent account number is not linked with Aadhaar or Aadhaar number is not quoted and the applicant shall not be subjected to the prov...

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AO justified in sending notice at address mentioned in PAN database

PCIT Vs. M/s I­-Ven Interactive Limited (Supreme Court) - Mere mentioning of the new address in the return of income without specifically intimating the Assessing Officer with respect to change of address and without getting the PAN database changed, is not enough and sufficient....

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Linkage of PAN with Aadhar is mandatory from AY 2019-20 : SC

Union Of India & Ors. Vs Shreya Sen & Anr. (Supreme Court of India) - Thereafter, this Court has decided the matter and upheld the vires of section 139AA of the Income Tax Act. In view thereof, linkage of PAN with Aadhar is mandatory....

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Aadhaar Linking, penalty proceedings completion due date extended

Notification No. 113/2021-Income Tax [SO. 3814(E)] | Press Release ID: 1755936 - (17/09/2021) - Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN with Aadhaar has been extended from 30th September, 2021 to 31st March, 2022. The due date for completion of penalty proceedings under the Act has also been extended from 30th September, 2021 to 31st March, 2...

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PAN Aadhaar linking & section 148 notice issue date extended (Read Notification)

Notification No. 20/2021-Income Tax [S.O. 1432(E)] - (31/03/2021) - Central Government extends the last date for linking of Aadhaar number with PAN from 31st March, 2021 to 30th June, 2021, in view of the difficulties arising out of the COVID-19 pandemic. Date for issue of notice under section 148 of Income-tax Act,1961, passing of consequential order for direction ...

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Section 148- Instructions on handling of Non-PAN cases flagged by DRI

Notification No. 225/40/2021/ITA-11 - (26/03/2021) - These non-PAN cases have been pushed by Systems to respective Pr. CCIT/Pr. CIT based on address. Considering the time involved in allotting PAN in such non-PAN cases and other technical issues involved in generating notices through the system, the following instructions are being issued for handling...

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Allotment of one PAN to two or more taxpayers- resolution

ITBA-PAN Instruction No. 9 - (25/03/2021) - Instances of allotment of one PAN to two persons and in rare cases even to more than two persons have come to the notice of Directorate of Income-tax(Systems). In this regard the Directorate formulated a policy and the same was issued vide AIS Instruction No. 82 dated 21.06.2013...

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FM launches Instant PAN facility through Aadhaar based e-KYC

(Release ID: 1627434) - (28/05/2020) - FM formally launched the facility for instant allotment of PAN (on near to real time basis) here today. This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment process is paperless and an electronic PA...

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Recent Posts in "pan number"

Aadhaar Linking, penalty proceedings completion due date extended

Notification No. 113/2021-Income Tax [SO. 3814(E)] | Press Release ID: 1755936 17/09/2021

Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN with Aadhaar has been extended from 30th September, 2021 to 31st March, 2022. The due date for completion of penalty proceedings under the Act has also been extended from 30th September, 2021 to 31st March, 2022....

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Late fees under section 234H for non-linking of PAN with Aadhaar

Provisions of section 234H of the Income Tax Act are recently inserted vide the Finance Act, 2021. Accordingly, section 234H is made effective from 1st April 2021. It deals with the late fees payable on account of failure to intimate the Aadhaar number to the Income Tax Department (i.e., link the PAN with Aadhaar). The […]...

Read More
Posted Under: Income Tax |

How to link PAN with Aadhaar in new e-filing portal

Applicability and Benefits in filing of Income-Tax return | How to link PAN with Aadhaar in the new e-filing portal It’s that time of year again!! And if you think you are only required to file your income tax return if your employer has deducted TAX from your salary, then you are WRONG! Who has […]...

Read More
Posted Under: Income Tax |

Benefits and Procedure of Linking Aadhar with PAN

AADHAR – PAN LINKING As per Section 139AA of the Income Tax Act, every person who has PAN as on July 1, 2017, is required to link his/her PAN with his/her Aadhaar number within the due date notified by the government provided such person is eligible to obtain an Aadhaar number. Also, every person who is […]...

Read More
Posted Under: Income Tax |

How to link Aadhaar and PAN on Income Tax Website

How to link Aadhaar and PAN on Income Tax Website – FAQs Q.1 Who needs to link Aadhaar and PAN? Ans. Section 139AA of the Income Tax Act provides that every person who has been allotted a permanent account number (PAN) as on the 1st day of July, 2017, and who is eligible to obtain […]...

Read More
Posted Under: Income Tax |

Functionality to register complaint on misuse of PAN in GST Registration

FUNCTIONALITY TO CHECK MISUSE OF PAN To address the complaint related to misuse of PAN for obtaining GST registration, a functionality to register such complaints on GST Portal has been introduced. It will check the misuses, control the frauds and help officers in enquiry and cancellation of such registration. Once complaint is registered...

Read More
Posted Under: Income Tax |

How to generate, Update, Download Instant E-PAN on New Income Tax Portal

Article contains FAQs on to Instant E-PAN and contains stepwise Guide for How to Generate New e-PAN, How to Update PAN details as per Aadhaar e-KYC, How to Check status of pending e-PAN request / Create e-Filing Portal account / Download e-PAN  and how to  Download e-PAN – Post Login. Instant E-PAN- FAQs Q.1 I […]...

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Posted Under: Income Tax |

How to Verify your PAN on New Income Tax Portal

How to Verify your PAN on New Income Tax Portal – FAQs Q.1 Why do I need to verify my PAN? Ans. You can verify your PAN to: -Check if the details of your PAN, such as name on the PAN card, date of birth are same as the details available in the PAN database. […]...

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Posted Under: Income Tax |

How to check linking of PAN with Aadhaar for your clients

How to check linking of PAN with Aadhaar for your clients (even in cases where Aadhaar is not available) As per upcoming section 139AA of Income Tax Act, in case where a person who has been allotted PAN as on 1st July 2017 and who is also eligible to obtain Aadhaar number has to link […]...

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Posted Under: Income Tax |

MSME Registration possible with mere PAN & Aadhaar

Addressing a webinar of SME Street Game Changers Forum this evening, Shri Gadkari said that now only PAN and Aadhaar will be required for registration of MSMEs....

Read More
Posted Under: Income Tax |

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