PAN-Aadhaar link: The main reason behind making the linking of PAN cards and Aadhaar cards mandatory was to reduce the duplication of PAN cards
Pan-Aadhaar link last date: Centre has fixed the last date to link the two cards as March 31
PAN-Aadhaar link last date: The Income Tax Department has fixed the last date to link the two cards as March 31, 2023, but the users will have to pay a penalty of Rs 1,000
PAN and Aadhaar card link last date: The Income Tax Department has fixed the last date to link the two cards as March 31, 2023, but the users will have to pay a penalty of Rs 1,000
From linking PAN card and Aadhaar Card to submission of updated income tax return (ITR), failure to meet these deadlines may lead to financial losses
Has provided a link on its website through which policyholders can get this exercise done
Process of acquiring a PAN and linking it with business accounts will be made easier through centralised digitisation platform
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You should check tax residency certificates too: If it has the required details, submit it instead
The Income Tax department Saturday issued an advisory that those permanent account numbers (PAN) which are not linked with Aadhaar by the end of March next year will be rendered "inoperative". "What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory. "As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative," it said. The 'exempt category', according to a notification issued by the Union Finance Ministry in May 2017, are those individuals residing in the states of Assam, Jammu and Kashmir and Meghalaya; a non-resident as per the Income-tax Act, 1961; of the age of 80 years or more at any time during the previous year and a person not a citizen of India. A circular issued by the Central Board of Direct Taxes (CBDT) on March 30 said once a PAN becomes inoperative, an individual sha
PAN database has relevant information about companies, says commerce minister Piyush Goyal
On December 1, some users will receive a CBDC wallet containing notes signed by the RBI governor
Currently only nine forms are to be filled on the new version, ministry officials cite surge in company submissions on version 3
Restrictions on redemptions from such accounts is already in place since 2019
According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.
I-T dept plans to seek statement of transactions from crypto exchanges
Failure to do so can result in penalties for the legal heir
The taxpayers are required to fill out several forms, Form 26AS, Form 16, capital gains statement, and interest certificates, among others. In all the paperwork, some mistakes are bound to happen
While the late fees for linking PAN-Aadhaar will shoot up, doctors and influencers will have to pay 10% TDS on the benefits they receive from sales promotions
Denial of doses to persons without IDs, absence of segregated data and low awareness pose question mark on campaign