Documents required to make NRI PAN operative in India 21-Jul-2023 “If any NRI’s PAN is still inoperative, he/she is requested to intimate his/her NRI status along with supporting documents to respective jurisdictional Assessing Officer. List of supporting documents required for making PAN operative for NRI’s is as under: A. Copy of PAN Card; and B. … Read More »
One PAN Allotted to Two Persons I CBDT Revised Instructions I CA Satbir Singh
Notification No. 75/2019 [F.No. 225/75/2019-ITA.II] : Extension of due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART H, SECTION 3, SUB SECTION (ii)] Government of India Ministry of Finance Department of Revenue Central Board of Direct Download Click here
Section 272B after Amendment by Finance Bill 2019 w.e.f 01.09.2019 Penalty for failure to comply with the provisions of section 139A. 272B. (1) If a person fails to comply with the provisions of section 139A, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees. (2) If a… Read More »
Inter-changeability of PAN & Aadhaar and mandatory quoting in prescribed transactions. Existing sub-section (1) of section 139A of the Act, inter alia, provides that every person specified therein, who has not been allotted a PAN, shall apply to the Assessing Officer for allotment of PAN. It has been observed that in many cases persons entering… Read More »
Company Secretaries to declare PAN /Aadhaar while paying membership fees/ applying Fellowship Company Secretaries to declare PAN / Aadhaar (optional) while making online payment of annual membership fees /applying for ICSI Fellow membership Advisory for Members of ICSI Members would henceforth be required to declare their PAN (mandatory) and Aadhaar / UID Number (optional) at… Read More »
Due date for Linking PAN and Aadhaar has been extended from 31.03.2019 to 30.09.2019. It has also been clarified that with effect from 01.04.2019, it is mandatory to quote Adhaar number while filing the return of Income, unless assessee has specifically been exempted. Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes NOTIFICATION… Read More »
Income Tax Returns, PAN, Foreign Assets Details mandatory for Lok Sabha Election Candidates The Government, in order to bring more accountability and transparency in the election process and to make easy verification of the candidates details, mandated that the candidates of election shall declare their income tax returns of the last five years, details… Read More »
As it is confirmed that no one can file their income tax returns from next year without linking their Permanent Account Number ( PAN ) with Aadhaar card, the taxpayers who have not done the same can do it till 31st March 2019. Recently, the Central Board of Direct Taxes (CBDT) has announced March 31,… Read More »
Aadhaar-PAN linking is mandatory now which has to be completed till 31.3.2019 by the PAN holders requiring filing of Income Tax Return. Constitutional validity of Aadhaar has been upheld by the Hon’ble Supreme Court of India in September 2018. Consequently, in terms of Section 139AA of Income Tax Act., 1961 and order dated 30.6.2018 of the Central Board of… Read More »