The Income Tax department has launched a new e-facility to link a person's Aadhaar with the Permanent Account Number (PAN), a mandatory procedure for filing IT returns now.
UIDAI has repeatedly said that every citizen of India was entitled to obtain it voluntarily, senior advocate Shyam Divan said in Supreme Court.
As per the changes brought by the government in the Finance Bill, those PAN cards that are not linked with Aadhaar numbers will lose their validity.
Attorney General Mukul Rohatgi, who defended the government’s decision, argued that fake PAN cards were used to divert funds to shell companies.
Permanent Account Number (PAN) cards not linked to Aadhaar cards may become invalid after December 31, according to a report in Hindustan Times.
The government on Tuesday proposed to make the Aadhaar card mandatory to file Income Tax Return and for a PAN card.
The pains involved with getting a permanent account number issued from authorities and the confusing number of procedures that make the exercise of paying taxes seem insurmountable even for an ordinary citizen may soon be a thing of the past.
Finance Minister Arun Jaitley may make Aadhar and PAN card mandatory for gold or silver purchases over Rs 50,000 in the upcoming budget 2017-18, the Economic Times reported today. Currently, customers are required to present
In a move aimed at pushing cashless transactions and expanding its ambit of bringing more transactions into the formal economy, the government is learnt to be considering a cut in the current limit of quoting PAN number for cash transactions.
In its latest attempt to spot and eliminate tax evaders, the government today asked banks to obtain permanent account number (PAN) or Form-60 if PAN is not available, from all bank account holders by February
The Finance ministry today said that new application processes have been introduced to fast-track allotment of Permanent Account Number (PAN) and Tax deduction Account Number (TAN) for both individual and company applicants. "For fast tracking
New Delhi: Stepping up its effort to curb domestic black money, the Income Tax department has retrieved information on 90 lakh high value non-PAN transactions reported for the period between 2009-10 and 2016-17. The tax
New Delhi: In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and
Government is working on a proposal to make PAN a unique identity for business entities with a view to improving ease of doing business and ensuring a company is incorporated in a day using an integrated e-biz portal.
Bihar and UP have lowest PAN Cards per 1000 population, Delhi tops the list
New Delhi: Furnishing PAN will be mandatory from Friday for cash transactions such as hotel or foreign travel bills exceeding Rs 50,000 - a move aimed at curbing the black money menace.Besides, PAN will be
New Delhi: In a bid to check generation of domestic black money, the government will soon issue a notification making quoting of PAN mandatory for all cash transactions beyond Rs 2 lakh, Finance Minister Arun
New Delhi: With the imposition of the Swachh Bharat cess on all services from today, getting a new Permanent Account Number (PAN) card for income tax purposes has become costlier by a rupee to Rs
New Delhi: Finance Minister Arun Jaitley will tomorrow launch eSahyog and Pan camps, initiatives of the Income Tax Department to improve services.Through eSahyog he will launch the paperless initiative of the Central Board of Direct
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