PAN is a very useful tool to estimate the total tax revenue being generated in the country and to be used as an identification document is not its primary job. Although Aadhaar is gradually gaining more importance than PAN –…
Quote Aadhaar instead of PAN
The government has allowed quoting of Aadhaar in place of PAN card under the Income Tax Act. People who don’t have a PAN will be able to quote Aadhaar instead while filing their income tax returns, as announced in the…
Pan-Aadhaar Linking Deadline
The government will invalidate all PAN cards that are not linked to Aadhaar by September 1. At the moment 180 out of the existing 400 million PAN cards are not linked to Aadhaar. To validate and continue using the existing…
Link PAN with Bank for Tax Refunds
The Income Tax Department issues tax refunds to all the individuals and corporate entities that have paid higher income taxes as compared to their actual tax liability. The Income Tax Department will be only issuing e-refunds from March 1, 2019,…
PAN-Aadhaar linking mandatory for Income Taxpayers
The Supreme Court has made it mandatory to file the Income Tax returns with Aadhaar card and has asked people to get it linked with their PAN cards before March 31, but the numbers are not rising. However, income tax…
PAN Card in 4 hours
The Income Tax Department is planning to introduce a slew of measures to ease the process of obtaining a Permanent Account Number (PAN). According to a report, very soon you will be able to get PAN card in just four…
New PAN Card Rules
The Income Tax Department recently changed the PAN (permanent account number) card rules in order to prevent tax evasion. On 19th November 2018 the Central Board of Direct Taxes (CBDT) had issued a notification stating that the Income Tax Rules,…