Tag Archives: PAN

Due date for linking Aadhaar with PAN Extended till June 30, 2018 by CBDT

By | March 27, 2018

The Central Board of Direct Taxes (CBDT) has extended the last date for linking of Aadhaar with PAN from March 31, 2018 to June 30, 2018. This is the 3rd time, CBDT has extended the due date for linking Aadhaar number with PAN. F. No.225/270/2017 /ITA.II Government of India Ministry of Finance Department of Revenue… Read More »

Linking of Aadhaar with PAN Cards

By | March 9, 2018

Linking of Aadhaar with PAN Cards Posted On: 09 MAR 2018 5:58PM by PIB Delhi As per the latest available information as on 05.03.2018, number of Aadhaar cards linked with PAN is 16,65,82,421 . Further, as on 02.03.2018, 8779.65 Lakhs Current Accounts and Savings Accounts have been linked with Aadhaar. There are number of security… Read More »

Budget 2018-19 : PAN number Mandatory for Financial Transactions of Rs 2.5 Lakh for non-individual entities

By | February 1, 2018

Entities to apply for Permanent Account Number in certain cases As per Budget 2018-19 :- Section 139A inter-alia provides that every person specified therein and who has not been allotted a permanent account number shall apply to the Assessing Officer for allotment of a Permanent Account Number (PAN). In order to use PAN as Unique… Read More »

Take PAN and comply Rule 114B of Income Tax Rules 1962 : RBI to Banks

By | November 17, 2016

RBI/2016-17/135 DCM (Plg) No.1287/10.27.00/2016-17 November 16, 2016 The Chairman / Managing Director/Chief Executive Officer Public Sector Banks / Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir, Withdrawal of Legal Tender Character of Specified Bank Notes – Compliance with provisions of 114B of the Income Tax… Read More »

ICAI asked members to update PAN Details

By | November 7, 2016

Update PAN Details. Only required for Practicing Members This refers to the earlier announcements of ICAI regarding the updation of PAN details by the members in the Institute’s records to avoid blocking of e-filing account by the Income Tax Department. Inspite of the earlier said announcements and reminder emails sent from time to time, it… Read More »

Revised Template Letter to communicate transactions without valid PAN

By | July 27, 2016

F.No. 225/193/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 25th of July, 2016 To All Principal Chief Commissioners of Income-tax Sir/Madam Subject: Corrigendum regarding the ‘Letter Template’ issued vide letter of Board dated 22.07.2016 in connection with handling of AIR transactions without valid PAN-regd.- Please refer to the above communique… Read More »

Paperless PAN and TAN application process

By | July 27, 2016

Paperless PAN and TAN application process: The CBDT announced a digital signature certificate-based application procedure to companies to apply via portals of Permanent Account Number (PAN) service providers. Under the new process, PAN and TAN will be assigned within one day after completion of a valid on-line application. Read a July 2016 report of KPMG

SOP for handling AIR transactions without valid PAN

By | July 23, 2016

F.No. 225/193/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi dated the 22nd of July, 2016 To, All Principal Chief Commissioners of Income tax Subject: Issue of Standard Operating Procedure (‘SOP’) for handling AIR transactions without valid PAN – reg.- Sir/Madam Kindly refer to the above subject. Directorate of… Read More »