Pan

How to get a PAN card digitally on your email? A step-by-step guide

A nominal fee is required for a physical PAN card. It is important to note that existing PAN cards will remain valid even without the QR code

PAN 2.0 explained: How India is digitising its tax identification system?

The govt has allocated Rs 1,435 crore for technological upgrades to create a fully digitised and seamless ecosystem under PAN 2.0

Govt announces Rs 1,435 cr project to make PAN a common business identifier

The government on Monday announced the Rs 1,435 crore PAN 2.0 Project to make the permanent account number a 'common business identifier' for all digital systems of government agencies. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department with a financial outlay of Rs 1,435 crore, Information and Broadcasting Minister Ashwini Vaishnaw said. The PAN 2.0 Project enables technology-driven transformation of taxpayer registration services and is aimed at ease of access and speedy service delivery with improved quality. Single source of truth and data consistency; eco-friendly processes and cost optimization; and security and optimisation of infrastructure for greater agility, are the other benefits of the project. "The PAN 2.0 Project resonates with the vision of the Government enshrined in Digital India by enabling the use of PAN as Common Identifier for all digital systems

Government blocks websites exposing Aadhaar, PAN details of users

In line with this, prompt action has been taken to block these websites, said the Ministry

Transgender identity certificate will be treated as valid document: Centre

The Centre has told the Supreme Court that a 'certificate of identity' issued by the district magistrate under the Transgender Persons (Protection of Rights) Act, 2019 will be treated as valid documentation for applying for a PAN card. A bench of Justices Sudhanshu Dhulia and Ahsanuddin Amanullah said the Union of India has in principle accepted this request and the Union government may consider incorporating it in the rules as well in order to bring clarity. "During the pendency of this petition, we sought a reply from Union of India, who has been very supportive in this matter and by and large has accepted all the demands which have been raised in the present petition including the one, that the certificate to be issued under Section 6/7 of the Transgender Persons (Protection of Rights) Act, 2019 will be acceptable, if it is given by the district magistrate," the bench noted. Sections 6 and 7 of the Transgender Persons (Protection of Rights) Act, 2019 deal with the issue of ...

Link PAN with Aadhaar by May 31 to avoid higher TDS deduction: I-T dept

The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. "Please link your PAN with Aadhaar before May 31, 2024, if you haven't already, in order to avoid tax deduction at a higher rate," the department posted on X. In a separate post, the I-T department asked reporting entities, including banks, forex dealers, to file SFT by May 31 to avoid penalties. "The deadline to file SFT (Statement of Specified Financial Transactions) is May 31, 2024. Avoid penalties by filing accurately and on time," the department said. The reporting entities which are required to file SFT return

Govt collects Rs 600 crore penalty for delay in PAN-Aadhaar linking

The government has collected over Rs 600 crore as penalty for delay in linking PAN with Aadhaar, and about 11.48 crore Permanent Account Numbers are still not linked with biometric identity, Parliament was informed on Monday. "Number of PANs not linked with Aadhaar, excluding exempted categories, is 11.48 crore as on January 29, 2024," Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. To a question regarding the details of government earning through late penalty of Rs 1,000 from the persons who have not linked their PAN and Aadhaar after the last date of June 30, 2023, Chaudhary said "the total collection of fee from persons who have not linked their PAN with Aadhaar is Rs 601.97 crore from July 1, 2023 to January 31,2024". The last date for linking PAN with biometric Aadhaar was June 30, 2023. The Income Tax department had said the PAN of taxpayers who have failed to intimate their Aadhaar shall become inoperative from July 1, 2023 and no ...

Sebi extends deadline for AIFs dematerialisation till January 31

Sebi has specified the process to be followed in cases where the investors have yet to provide the demat account details to AIFs

11.5 cr PAN cards deactivated for not linking with Aadhaar: How to reactivate

More than 12 crore PAN cards remain unlinked, with 11.5 crore of them facing deactivation due to non-compliance, said I-T dept in a RTI reply

Use of multiple PAN cards for weddings, IVF under scrutiny of I-T officials

Transactions need greater scrutiny as the board has noticed rampant circumvention, according to CBDT's plan

NRIs asked to approach tax officers with residential status proof for PAN

The Income Tax Department on Tuesday said Non-Resident Indians (NRIs) and foreign citizens whose permanent account numbers have become inoperative due to non-linking with Aadhaar should submit proof of their residential status to the jurisdictional assessing officer for operationalising the PAN. The department said concerns have been raised by certain NRIs/Overseas Citizens of India (OCIs) regarding their PANs (Permanent Account Numbers) becoming inoperative. In a tweet, the department said it has mapped the residential status of NRIs in case they have filed ITR in any of the last three Assessment Years (AYs) or have intimated their residential status to the Jurisdictional Assessing Officer (JAO). The PANs, according to the department, have become inoperative in cases where NRIs have not updated their residential status or have not filed returns in the last three AYs. "The NRIs whose PANs are inoperative are requested to intimate their residential status to their respective JAO alo

PAN-Aadhar linking: How to check if an individual's PAN is valid or not

There is a possibility that an individual's PAN could be inoperative if they have not linked their PAN with Aadhaar

CBDT to consider PAN, Aadhaar linking requests where fees paid by Jun 30

The income tax department on Friday said it will "duly consider" cases where linking of PAN with Aadhaar is yet to happen despite individuals giving their consent and having paid the fee. The last day for linking PAN with biometric Aadhaar on paying a late fee of Rs 1,000 is June 30, 2023. From July 1, 2023, PAN will become inoperative for individuals who have failed to link it with Aadhaar and TDS and TCS will be deducted at a higher rate. In a tweet, the income tax department said instances have come to notice where PAN holders have faced difficulty in downloading the challan after payment of fee for Aadhaar-PAN linking. "In this regard, it is to be informed that status of challan payment may be checked in 'e-pay tax' tab of portal after login. If a payment is successful, then PAN holder can proceed to link PAN with Aadhaar," it said. "In cases where fee payment and consent for linking have been received, but linking has not been done till 30.06.2023, such cases will be duly ...

MCA portal sees 20 times increase in number of authenticated users

A key feature of the portal is to identify the transactions by linking each user ID with PAN number

Markets regulator Sebi asks investors to link PAN with Aadhaar by March 31

Capital markets regulator Sebi on Wednesday asked all investors to link their PAN with Aadhaar number by March-end for continual and smooth transactions in the securities market. The non-compliance with this would be considered non-KYC compliant, and there could be restrictions on securities and other transactions until the Permanent Account Number (PAN) and Aadhaar are linked, Sebi said in a statement. The Central Board of Direct Taxes (CBDT) issued a circular in March 2022, whereby the PAN allotted to a person would become inoperative if it is not linked with Aadhaar by March 31, 2023, and would be liable to all the consequences under the Income-tax Act, 1961, for not furnishing, intimating or quoting the PAN. "Since PAN is the key identification number and part of KYC requirements for all transactions in the securities market, all Sebi registered entities and Market Infrastructure Institutions (MIIs) are required to ensure valid KYC for all participants. "All existing investors

Top headlines: 59 new launches at Auto Expo 2023, PAN as single business ID

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PAN as single business ID set to get legal backing in Budget 2023-24

The provision will also ensure the mapping of PAN of an entity with multiple existing identifications. Accordingly, it will be notified under various central and state legislations

An NRI without a PAN? File Form 10F manually till next March for lower TDS

You should check tax residency certificates too: If it has the required details, submit it instead

Firms' PAN to be identifier for govt single window clearance system

PAN database has relevant information about companies, says commerce minister Piyush Goyal

Overseas firms see compliance burden increasing to get tax treaty benefits

Chartered accountants' group asks CBDT to do away with PAN requirement for filing form electronically