PAN articles

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 […]...

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Posted Under: Income Tax |

Why PAN of Foreign Companies having investment in India is mandatory & their ITR filing requirement?

In this Article, we will understand why PAN of Foreign Companies are must and why the consultant & Indian Companies having foreign investment often insist Investors to apply PAN in India. Whenever a foreign company or non-resident invests in Indian Company or LLP, maximum compliances are related to RBI, FEMA or MCA (ROC) where PAN [&h...

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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 […]...

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Posted Under: Income Tax |

Section 292B: Return of income, etc., not to be invalid on certain grounds

Section 292B is considered as a protection to the Income tax authorities for most of short comings in proceedings due to technical aspects.'Substance over form theory' is the underlining philosophy of section 292B of the Act....

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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 […]...

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Posted Under: Income Tax |

Compliance Check Under Section 206AB – TDS at Higher Rate

1. A new section 206AB is introduced in the Finance Act 2021 for deduction of tax at source at higher rates to identify non-filers of Income Tax Returns. These defaulters will be identified and higher Tax Deducted at Source (TDS) be levied on them. Section 206AB is applicable w.e.f. 01 July 2021 This section mandated […]...

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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 […]...

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Posted Under: Income Tax |

Documents required/checklist for GST registration

Article explains Documents required/checklist for GST registration of Proprietorship, Partnership, Hindu Undivided Family,Limited Liability Partnership, Public Limited Company/Private Limited Company/Unlimited Company, Society/Club/Trust/AOP/BOI and Government Department/Local Authority/Statutory Body. The following documents are required...

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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...

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Posted Under: Income Tax |

How to use verify bulk PAN/TAN service

How to use verify bulk PAN/TAN service- FAQs Q.1 Who can use the verify bulk PAN/TAN service? Ans. The Verify Bulk PAN/TAN service is available to external agencies (government and non-government), including the Central Government, State Government Departments or undertakings, recognized autonomous bodies, RBI-approved Banks or Financial ...

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Posted Under: Income Tax |

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