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...
Introduction: The Government of India, through the Ministry of Finance’s Department of Revenue, has provided essential updates on PAN-Aadhaar linking. Addressing specific queries from Rajya Sabha member Smt. Phulo Devi Netam, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, has shed light on PAN-Aadhaar linkage statistics, inactivation details, consequences, and the […]
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
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.
