Income Tax : Discover essentials of PAN (Permanent Account Number) issuance, structure, and changes. Learn about Form-49A and Form-49AA require...
Goods and Services Tax : A PAN card is mandatory for GST registration, tax filing, and TDS compliance in India. Learn how non-compliance can lead to penalt...
Income Tax : A PAN (Permanent Account Number) is a unique 10-character alphanumeric identifier issued by the Income Tax Department of India to ...
Income Tax : The Income Tax Department (ITD) is upgrading the existing PAN card systems in India through a new e-governance project called PAN ...
Income Tax : PAN 2.0 project aims to simplify services, improve security, and provide a unified platform for all PAN/TAN-related services, enha...
Income Tax : Taxpayers face TDS demands post Aadhaar-PAN linking despite compliance. Key issues include undue demands, lack of redressal, and r...
Income Tax : PAN 2.0 focuses on process upgrades for taxpayers with no mandatory new PAN card. Existing cards remain valid. Estimated cost: ₹...
Income Tax : The PAN 2.0 Project simplifies PAN/TAN management with a unified platform, paperless processes, and faster services. Approved by C...
Income Tax : Cabinet approves PAN 2.0 project to enhance taxpayer registration services through technology-driven transformation, improving ser...
Income Tax : Starting October 2024, Aadhaar Enrolment ID can no longer be used for PAN applications or income returns. Quoting Aadhaar numbers ...
Income Tax : Jammu & Kashmir High Court directs tax authorities to correct PAN errors in challans and release pending refund to Kashmir Tubes. ...
Income Tax : ITAT directs fresh examination in Ambasa Babansa Raibagi case due to PAN linking error, remitting the Rs. 25.66 lakh addition back...
Income Tax : Madras High Court directs approach to appellate authority for a bank attachment notice issued over PAN fraud, pending statutory ap...
Income Tax : ITAT Jodhpur rules that possession of transport vehicles is sufficient for Section 194C TDS exception, emphasizing the significanc...
Income Tax : Learn about Bombay High Court's Quashing of Reassessment notice by the Tax Department against a non-existent entity with an active...
Income Tax : Income Tax Circular 08/2024 exempts higher TDS/TCS rates if deductee/collectee dies before PAN-Aadhaar linkage, addressing taxpay...
SEBI : SEBI issues circular on restricting trading by Designated Persons (DPs) through PAN freezing at security level for the top 1,000 B...
SEBI : NSE has recently issued a circular clarifying the implementation of the Securities and Exchange Board of India’s (SEBI) regu...
Income Tax : Rule 114AAA of the Income-tax Rules, 1962 related to Manner of making permanent account number (PAN) inoperative is applicable fro...
Income Tax : Central Board of Direct Taxes (CBDT) has extended the last date to link Permanent Account Number (PAN) with Aadhaar to June 30, 20...
Discover repercussions of an inactive PAN card in India—impacting financial transactions, compliance, tax processing, and legal standing. Learn how to rectify and avoid complications
Understand the consequences of not linking PAN with Aadhaar by the deadline, TDS implications, and key sections of the Income Tax Act. Learn about the linking process, fees, and how to avoid 20% TDS. Explore Section 194C (TDS on Payments to Contractors and Sub-Contractors) and Section 194A (TDS on interest on loan), including thresholds, rates, and compliance. Stay informed to ensure compliance with the latest regulations
Explore the challenges faced by taxpayers due to TDS defaults linked to inoperative PANs. Understand the issues, resolutions, and potential solutions to this tax dilemma.
Explore TDS rates for Specified Persons and those with Inoperative PAN under sections 139AA, 206AA, and 206AB. Learn implications, exceptions, and check your status on the Income Tax Reporting Portal.
TDS challenges due to PAN-Aadhar non-linkage. Understand the repercussions leading to TAN holder notices and remedies for escalated TDS deductions.
Learn about Bombay High Court’s Quashing of Reassessment notice by the Tax Department against a non-existent entity with an active PAN in this AY 2016-17 and AY 2017-18 case study.
Explore 18 transactions that necessitate quoting of PAN as per Section 139(5)(c) of Income Tax Act. Learn about penalties and compliance for PAN-related activities.
Process and requirements for online filing of Form 10F by non-residents without PAN. Detailed steps, relevant provisions, and document checklist provided for seamless tax compliance in India
Explore how Section 206AA and Section 206AB impact TDS rates. Learn when higher rates apply, exemptions for non-residents, and get answers to key questions.
Understand the difference between PAN card and TAN number in India for your business. Tax account deduction number (TAN) and permanent account number (PAN) Card are explained, so you can meet compliance requirements.
