PAN - Page 10

PAN becomes invalid if not linked with Aadhaar

Consequence of not linking PAN with Aadhaar The existing proviso to the sub-section (2) of section 139AA, provides that the PAN allotted to a person shall be deemed to be invalid, in case the person fails to intimate the Aadhaar number, on or before the notified date. In order to protect validity of transactions previously […]...

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Posted Under: Income Tax | ,

Inter-changeability of PAN & Aadhaar for prescribed transactions

Inter-changeability of PAN & Aadhaar and mandatory quoting in prescribed transactions Existing sub-section (1) of section 139A of the Act, inter alia, provides that every person specified therein, who has not been allotted a PAN, shall apply to the Assessing Officer for allotment of PAN. It has been observed that in many cases persons...

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Posted Under: Income Tax |

Interchangeability of PAN and Aadhaar to file tax return proposed

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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Posted Under: Income Tax |

How to Know PAN, TAN & GSTIN of Company/LLP by using its Name

As you all aware that Income tax department has now removed the ‘Know Your PAN’ service from its website and many of the people are facing difficulties to know the PAN of Company/LLP by using its name. Don’t worry; still there is an option to know the PAN, TAN & GSTIN number of the Company/LLP […]...

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Posted Under: Income Tax |

Declare PAN /Aadhaar while paying membership fees/applying Fellowship: ICSI

Members would henceforth be required to declare their PAN (mandatory) and Aadhaar / UID Number (optional) at the time of making online payment of annual membership fees and while applying for Fellow membership of the Institute in Form-B....

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Posted Under: Income Tax |

Linkage of PAN with Aadhaar mandatory from A.Y. 2019-20

Quoting of Aadhaar and Linking with PAN is mandatory from Assessment Year 2019-20 The Apex Court in it’s recent judgement dated 04.02.2019 in the case of Union of India vs. Shreya Sen reported in [2019] 104 taxmann.com 160 (SC) has held that linkage of PAN with Aadhaar is mandatory and make it clear that from […]...

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Posted Under: Income Tax |

CBDT issues clarification on linking of PAN with Aadhaar

It has been reported in some sections of the media that those PANs which are not linked with Aadhaar number by 31.03.2019 may be invalidated. The matter has been considered by the Central Government and now the cut-off date for intimating the Aadhaar number and linking PAN with Aadhaar is 30.09.2019, unless specifically exempted....

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Posted Under: Income Tax |

CBDT extends due date for linking Aadhaar-PAN till 30th Sep

CBDT extends due date for linking Aadhaar-PAN till 30th Sep; Mandatory to Quote Aadhaar Number while Filing the Return of Income CBDT extends PAN Aadhar number linking deadline FROM 31ST MARCH 2019 to 30th September 2019. It is mandatory to quote Aadhaar in ITR u/s 139AA(1)(ii) . CBDT Notification 31/2019 dated 31st March 2019.  The [&he...

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Posted Under: Income Tax |

Validity of ITR filed prior to 01.04.2019 without quoting of Aadhaar

Circular No. 06/2019-Income Tax 31/03/2019

Returns which were filed prior to 01.04.2019 without quoting of Aadhaar number as an outcome of any decision of different High Courts in a specific case or returns which were filed during the period when the online functionality for filing the return without quoting of Aadhaar number was so available...

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Aadhaar Mandatory for income tax return filing wef 01.04.2019

Notification No. 31/2019-income Tax [S.O. 1495(E)] 31/03/2019

Notwithstanding the last date of linking of Aadhaar number with PAN being extended to 30.09.2019 in para 1 above, it is also made clear in Circular No. 6 of 2019 that w.e.f. 01st of April, 2019, it is mandatory to quote Aadhaar number while filing the return of income as required under Section 139AA(1)(ii) ...

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