Income Tax : India’s new PAN compliance framework introduces stricter documentation and verification requirements for NRIs and foreign entiti...
Income Tax : The issue involves stricter PAN application requirements removing Aadhaar-only filings. The key takeaway is that additional identi...
Income Tax : The government introduced new PAN forms to simplify application procedures and reduce errors. The update ensures better user exper...
Income Tax : The framework clarifies that relief from higher TDS/TCS applies only within specific timelines under CBDT circulars. PAN activatio...
Income Tax : Database mismatches can wrongly deactivate PAN for NRIs, resulting in higher tax withholding and significant capital blockage duri...
Income Tax : Rule 157 of the Draft Income-tax Rules, 2026 exempts specified non-residents and eligible foreign investors from obtaining PAN, su...
Income Tax : Rule 158 of the Draft Income-tax Rules, 2026 prescribes detailed PAN application forms, timelines, document requirements, and Aadh...
Income Tax : Draft Rule 159 mandates quoting or applying for PAN in specified high-value banking, securities, property and cash transactions, w...
Income Tax : PAN 2.0 to simplify PAN/TAN processes with tech upgrades. Project to launch in 18 months post MSP onboarding. India has over 81 cr...
Income Tax : Received an unknown PAN alert? Learn how to protect yourself! This article covers a taxpayer's recent dilemma with unauthorized PA...
Income Tax : The Court directed the jurisdictional authority to consider the delay condonation request after PAN transfer. It held that the app...
Income Tax : The High Court recorded that the new PAN had been cancelled and directed the petitioner to apply for restoration of the old PAN. T...
Income Tax : The ITAT relied on orders under section 148A(d) for subsequent years where reopening was dropped, holding the assessee to be a loc...
Income Tax : The tribunal allowed a remand where unexplained cash deposits were added based on a PAN-linked account. The key takeaway is that e...
Income Tax : The Court directed issuance of a new PAN after a duplicate allotment caused the petitioner’s financial record to be linked to an...
SEBI : SEBI issued clarifications after revised PAN application forms under the Income-tax Rules, 2026 created compliance challenges for ...
Income Tax : The CBDT has introduced new forms for PAN correction to ensure a uniform process. Taxpayers must now use designated forms for accu...
Company Law : The adjudicating authority penalised a company and its directors for failing to disclose allottees’ PAN in Form PAS-3. The order...
Income Tax : CBDT Circular 9/2025 offers partial relief for higher TDS/TCS on inoperative PANs, extending compliance deadlines for taxpayers wh...
Finance : NPCI mandates NACH banks to integrate a Real-Time PAN and Bank Account Validation API for government use, including the Income Tax...
Appellants to file a representation before assessing officer and explaining as to why two PAN numbers were obtained by appellants / assessee.
PFRDA introduce an advanced mode of Bank Acct Verification of Subscribers (PAN-PRAN- VPA(UPI)) with elegant features where the joint holder details, PAN and UPI Ids are verified through NPCI and matched with Permanent Retirement Acct Number (PRAN).
Permanent Account Number or PAN is a unique identification number that is assigned to people and entities by the Indian government. This card is used for diverse purposes, encompassing paying taxes and filing tax returns.
A perusal of the instruction would show that PAN – AAACK4O32H concerns an entity going by the name K.G. Finvest Pvt. Ltd. This PAN does not concern M/s Kanhaiya Impex Pvt. Ltd. The petitioner’s stand that it had not entered into any transaction with M/s Kanhaiya Impex Pvt. Ltd. is correct. Given this position, in our view, both the notice which is issued under Section 148 A (b) of the Act and the order that was passed under Section 148 A (d) of the Act suffer from obvious errors.
The assessee was printing PAN cards for the Income Tax Department, Government of India. Service tax was paid on such activity. Sales tax authorities held that it is a works contract liable to VAT.
CBDT allows manual filing of Form 10F by non-residents without PAN until March 31, 2023. Explore the conditions for exemption and comply with ease.
As per sec 139AA of income tax act 1961, every person who has been allotted PAN as on 01.07.2017 and who is eligible to obtain Aadhaar Number have compulsorily link their Aadhaar and pan on or before 31st March 2023 With paying late fee as per Circular No. 7/2022 dated 30/3/2022. As per Income tax […]
ITAT Mumbai held that assessee duly furnished details like PAN, sub-contract amount and details of TDS justifying payment to sub-contractors. Merely disallowing 10% of sub-contract expense without verifying the veracity of assessee’s claim based on the evidences produced is unsustainable in law.
CBDT relaxes quoting of PAN-Aadhaar No. in certain transactions vide Notification No. 105/2022 -Income Tax | Dated: 1st September, 2022. MINISTRY OF FINANCE (Department of Revenue) (Central Board of Taxes) New Delhi Notification No. 105/2022 -Income Tax | Dated: 1st September, 2022 G.S.R. 677(E).—In exercise of the powers conferred by section 139A read with section 295 […]
Return was filed under the new PAN and in spite of that, assessing officer passed assessment order under old PAN – HC Quashed such order
