PAN

Aadhaar based PAN card with e-KYC

DGFT - Aadhaar based instant PAN is a new facility announced by the Income tax department to avail PAN card within a 10 minutes. Instant PAN generation is an easy and time saving process. This facility can be simply accessed by the PAN applicants who have a valid Aadhaar number and mobile number registered with their Aadhaar […]...

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Procedure for filing TDS returns with insufficient deductee PAN

DGFT - As per instructions issued by the Central Board of Direct Taxes (CBDT), it is mandatory for deductors to file TDS/TCS statements with a threshold limit of Permanent Account Number (PAN) of deductees. To facilitate deductors who face problem in filing TDS returns because of insufficiency of PAN of the deductees and also to accommodate the ...

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Process for PAN application for Resident Indian

DGFT - Permanent Account Number is a number allotted to a person by the Assessing Officer for the purpose of identification. PAN of the new series has 10 alphanumeric characters and is issued in the form of laminated card with photograph. ...

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How to get your PAN Card details updated?

DGFT - The permanent account number (PAN) card, issued by the income tax authorities, is now widely used in financial transactions and is the single most convenient proof for identity. So, it may be useful to keep the PAN card updated to reflect your current details. The tax information network (TIN), operated by the National Securities Deposito...

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Searching Name by PAN Number without any other details

DGFT - It happens many times that we need to know the name by using PAN Number, but for that we require other details like Date of Birth, Address etc. I will provide you one other way to find the name by using PAN No. only. Follow the below process to know the Name by PAN No. […]...

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What if PAN not linked with Aadhar ?

DGFT - Consequences of  Non-Linking of PAN with Aadhar 1) PAN will become inoperative. 2)Where a PAN has become inoperative, it will be assumed that PAN has not been furnished/ quoted as required by the law and a penalty of Rs.10,000 may apply as per section 272B of the Income Tax Act. 3) An individual having an […]...

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Follow these steps to get your PAN instantly

DGFT - 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

DGFT - 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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10 Basic Legal & Regulatory Registrations for Every Business in India

DGFT - Are you all set to dive right into your Start-up? Or are you already running a successful business but still not, sure if you have obtained all regulatory registrations? Here is a list of 10 essentials business registrations that your business will need to keep your legal and regulatory compliance on point! 1. PAN (Permanent […]...

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PAN cards now printed with Enhanced Quick Response Code

DGFT - 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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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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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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Notice issued in the name of a dead person is unenforceable despite non-intimation of death

Alamelu Veerappan Vs ITO (Madras High Court) - Alamelu Veerappan Vs ITO (Madras High Court) Admittedly, the limitation period for issuance of notice for reopening expired on 31.3.2017. The impugned notice was issued on 30.3.2017 in the name of the dead person. On being intimated about the death, the Department sent the notice to the petitioner &...

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Provisions for modifying PAN based IEC introduced

Public Notice No34/2015-2020 - (24/12/2020) - In case of change in constitution of a PAN based IEC by way of merger, acquisition, liquidation, inheritance etc. such that PAN of the new entity so formed is different from the earlier one, an IEC can be availed against the new PAN, if not existing already. Previous IEC(s) can also be operationally...

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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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Rule 114AAA: PAN to become inoperative on failure to furnish Aadhaar

Notification No. 11/2020-Income Tax [G.S.R. 112(E)] - (13/02/2020) - CBDT notifies rules regarding manner of making PAN inoperative u/s 139AA(2) – Notification No. 11/2020, dated 13-02-2020 CBDT notifies Income Tax Rule 114AAA prescribing  that permanent account number (PAN) will become inoperative if  a person, who has been allotted PAN as on the 1st day of Jul...

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Procedure of PAN allotment through Common Application Form

Notification 11/2020- Income Tax (DGIT Systems) - (07/02/2020) - Procedure of PAN allotment through Common Application Form (CAF) along with registration of Foreign Portfolio Investors (FPIs) with SEBI under Department of Economic Affairs and KYC for opening Bank and Demat Account....

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Due date for linking of PAN with Aadhaar extended to 31st March 2020

Notification No. 107/2019-Income Tax [S.O.4708(E)] - (30/12/2019) - The 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 vide Notification No. 107/2019 dated 30th December, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOAR...

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Recent Posts in "PAN"

Provisions for modifying PAN based IEC introduced

Public Notice No34/2015-2020 (24/12/2020)

In case of change in constitution of a PAN based IEC by way of merger, acquisition, liquidation, inheritance etc. such that PAN of the new entity so formed is different from the earlier one, an IEC can be availed against the new PAN, if not existing already. Previous IEC(s) can also be operationally linked to the PAN/IEC of the new entity...

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Aadhaar based PAN card with e-KYC

Aadhaar based instant PAN is a new facility announced by the Income tax department to avail PAN card within a 10 minutes. Instant PAN generation is an easy and time saving process. This facility can be simply accessed by the PAN applicants who have a valid Aadhaar number and mobile number registered with their Aadhaar […]...

Read More
Posted Under: DGFT |

Procedure for filing TDS returns with insufficient deductee PAN

As per instructions issued by the Central Board of Direct Taxes (CBDT), it is mandatory for deductors to file TDS/TCS statements with a threshold limit of Permanent Account Number (PAN) of deductees. To facilitate deductors who face problem in filing TDS returns because of insufficiency of PAN of the deductees and also to accommodate the ...

Read More
Posted Under: DGFT |

Process for PAN application for Resident Indian

Permanent Account Number is a number allotted to a person by the Assessing Officer for the purpose of identification. PAN of the new series has 10 alphanumeric characters and is issued in the form of laminated card with photograph. ...

Read More
Posted Under: DGFT |

How to get your PAN Card details updated?

The permanent account number (PAN) card, issued by the income tax authorities, is now widely used in financial transactions and is the single most convenient proof for identity. So, it may be useful to keep the PAN card updated to reflect your current details. The tax information network (TIN), operated by the National Securities Deposito...

Read More
Posted Under: DGFT |

Searching Name by PAN Number without any other details

It happens many times that we need to know the name by using PAN Number, but for that we require other details like Date of Birth, Address etc. I will provide you one other way to find the name by using PAN No. only. Follow the below process to know the Name by PAN No. […]...

Read More
Posted Under: DGFT |

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...

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Posted Under: DGFT | ,

PAN Deactivation by Income Tax Departament

The income tax department in its latest drive has started de-activating PAN of all income tax assesses who were allotted more than one PAN at anytime in the past. ...

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Posted Under: DGFT | ,

Get Your New PAN: FREE!

Yes, that’s correct. You can get your PAN card free of charge. Read on to know how and don’t forget to check out the bonus tip. What is PAN? PAN is an alphanumeric ten-digit unique number allotted by Income Tax Department (ITD) to the applicant. It is mandatory for financial transactions such as deposit of […]...

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Posted Under: DGFT |

Is PAN Mandatory For Some Transactions?

A. PAN in Returns or Certificates or Correspondence Every person shall quote his permanent account number (PAN) in all his returns or challans or correspondence with any income-tax authority. Other than this, every person shall quote his PAN in all documents pertaining to the transactions specified in rule 114B and given in the table belo...

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Posted Under: DGFT |

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