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: 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
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 »
New application process to fast track the allotment of PAN and TAN For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL. Under the new process PAN and TAN will… Read More »
Apply PAN online using Aadhaar based e-Sign Apply PAN online using using New online PAN application facility which has been launched for PAN applicants with an option of paperless submission of application using Aadhaar based e-Sign Link to Apply PAN online Click to Apply PAN Online Three options for filling online PAN application Applicant… Read More »
TCS on Cash sales if Buyer PAN not available TCS on Cash sales Finance Act, 2016 imposed TCS on cash Sales i.e on cash sale of goods or services with effect from 1-6-2016. Finance Act 2016 has made the amendments in section 206C( 1D) of the Act : TCS on Cash sales i.e on cash sale of goods or… Read More »
Application Fees for PAN Card As per NSDL, Application Fees for PAN Card 107/- (For dispatch of PAN card in India) 994/- (For dispatch of PAN card outside India) Both the above charges are inclusive of service tax W. e. f. June 1, 2015, PAN application fees have been revised as under: For dispatch… Read More »
PAN Card number or Permanent Account Number What is PAN card number ? PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card). Given below is an illustrative PAN: ALWPG5809L Who… Read More »
The Institute of Chartered Accountants of India Announcement In terms of the decision taken by the Council following advice received from the Income Tax Department, the Permanent Account Number (PAN) Card details of the members and firm of chartered accountants are required to be included in the Central Database of the Institute. The members are… Read More »
NEW DELHI: The government is set to unveil an ambitious PAN activity monitoring and analysis software tool that will enable Income Tax department to check transactions history of a person country-wide and help sleuths in effective tracking of black money trail. The digital and smart platform is called the Income Tax Business Application-Permanent Account Number… Read More »