Page 2 - Pan

Budget 2020: Now, Amazon orders to cost more if this amendment is enacted

In order to provide relief to small businessman, it is proposed to provide exemption to an individual and Hindu Undivided Family who receives less than Rs 5 lakh and furnishes PAN/Aadhaar

I-T dept to issue PAN if taxpayers use Aadhaar for filing returns: CBDT

PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT

Soon, quoting father's name may not be mandatory in PAN application

At present, providing father's name in the PAN application Forms (Form No.49A and Form No.49AA) is mandatory

379 million and counting: What the sharp increase in PAN enrolment tells us

A sharp jump in the number of individual PAN holders reveals India's demography and underlines new challenges

300% rise in PAN applications post demonetisation: CBDT

CBDT chairman said after the Centre announced to scrap high value currency notes in November last year, the number rose to 7.5 lakh

More shell firms found: PAN deactivation jolt for tax evaders in stock market

High-value transactions of more than Rs 50,000 and above require PAN details

Tax department issues PAN, TAN to new companies in a day

Newly incorporated companies are getting Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in electronic form within a day. Till March end, 19,704 such companies have received PAN in a day of ministry of corporate affairs sending data of incorporation to the income tax department. The government hopes that the initiative will improve India's ranking in the World Bank's ease of doing report from the current position of 130th. The Central Board of Direct Taxes (CBDT) said it has tied up with the Ministry of Corporate Affairs (MCA) under which companies can submit a common application form.Applicant companies submit a common application form SPICe (INC 32) on MCA portal and once the data of incorporation is sent to CBDT by the MCA, PAN and TAN are issued immediately without any further intervention of the applicant.In the month of March, 2017 alone, PAN was allotted within 4 hours to 95.63 per cent of total 10,894 newly incorporated companies. All such companies got ..

Banks get time till June 30 to obtain PAN from account holders

Tax department had in January asked banks, post offices and cooperative banks to document PAN

Big Data to help tax department find out multiple PAN holders

It will also identify records with errors or other defects for resubmission

Government issues new tamper-proof PAN cards

According to the Government estimate, every year 2.5 crore people across the country apply for PAN cards

Taxman gets new tech tool to identify, kill duplicate PAN

A platform called ITBA-PAN will help the taxman identify duplicate numbers every time a new application reaches it