# pan
26 posts in `pan` tag
Easily Obtain PAN Income Tax Department e-Filing Portal
In India, you can easily get an e-PAN through the Income Tax Department's e-filing portal. This quick process only requires your Aadhaar card, which should be linked to your PAN and have a registered mobile number.
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By Krishna
Verify Pan Aadhaar Linking Status TDS Return FY 2023-24 Quarter 2
Check Your PAN-Aadhaar Linking Before Filing TDS Return for Quarter 2, FY 2023-24
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By Krishna
CBDT Relaxation Pan Requirement Foreign Entities Gift IFSC
The decision is beneficial for foreign companies looking to establish treasury management operations, global institutional investors, and non-residents interested in setting up family investment funds or other structures at GIFT IFSC.
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By Krishna
TIN TAN VAT PAN DSC DIN Detailed Comparison
Among these, TIN, TAN, VAT, PAN, DSC, and DIN are frequently encountered. All of these have different purposes and are essential for individuals and businesses alike. Let's delve into the differences and importance of each of these alphanumeric codes.
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By Krishna
Late Fee Pan Aadhaar Linking Rs 1000 Higher Charges Offline Process
If you choose to link PAN with Aadhaar using biometric authentication, you may also need to pay a nominal fee, along with a penalty of Rs 1,000.
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By Krishna
PPF NSC Small Savings Investors Submit PAN Aadhaar Details Deadline
As per the notification, individuals who have invested in post office small savings plans but did not provide their Aadhaar numbers when opening these accounts must do so by September 30, 2023.
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By Krishna
Annual Filing For One Person Company Due Dates
A one-person company (OPC) is a unique business structure that offers individuals the benefits of limited liability while allowing them to retain full control.
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By Krishna
Challenges Ahead: Online Money Gaming Firms Grapple with Rs 45,000 Crore GST Tax Demand at 28%
The debate over whether online gaming is skill-based or chance-based has sparked discussions. Some companies argued for the lower 18% tax rate by categorizing their activities as skill-based.
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By Krishna
Alert for PAN Card Holders: Income Tax Department May Impose Rs 10,000 Fine - Check Details
The permanent account number (PAN Card) is an important identity card for all financial transactions. While PAN is necessary for most tasks, carrying it around can be risky.
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By Krishna
Important Update: New GST Rule Impacting Indian Companies Effective Today - Changes in Threshold
Companies engaged in B2B transactions and having a transactional value exceeding Rs. 5 Crore will be obligated to generate electronic or e-invoices. Furthermore, for all B2B transactions, companies with annual revenue of Rs. 10 Crores or more are currently required to generate electronic invoices.
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By Krishna
Income Tax Department Clarifies Inoperability of PAN Cards for Certain NRIs: Read the Details
Despite this, certain NRIs and OCIs, who were exempted from linking their PAN with Aadhaar, expressed concerns over their PANs becoming inoperative.
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By Krishna
Clarification by IT Department: Actions for NRIs with Inoperative PAN Cards Explained
When foreign citizens and OCIs (Overseas Citizens of India) apply for PAN cards under resident status but fail to correct or update their status with the Jurisdictional Assessing Officer or haven't filed an Income Tax Return (ITR) in any of the previous three assessment years, their PAN cards become inoperative.
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By Krishna
8 Financial Transactions You Can Still Do with an Inactive PAN Card: Exploring Possibilities
Having an inactive PAN can pose challenges for individuals when conducting certain transactions. However, there are specific transactions that can still be carried out with an inactive PAN, For more information, refer to the following article.
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By Krishna
PAN-Aadhaar Linking Deadline Expired: Steps to Resolve Incorporative PAN
The deadline for linking the Permanent Account Number (PAN) with the Aadhaar number was June 30, 2023. Unlike previous instances, the government has chosen not to extend this deadline.
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By Krishna
CBDT Clarifies PAN-Aadhaar Linking Deadline: Stay Informed
The income tax department has provided a clarification regarding PAN-Aadhaar linking for individuals who have paid the penalty but failed to link them by June 30, 2023. It is crucial to remember that June 30, 2023, was the deadline for linking PAN with Aadhaar.
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By Krishna
Steps To Pay Income Tax: ITR Filing For Individuals
Filing income tax can seem troublesome, but online platforms have made it easier and more convenient. Filing income Tax has been now more accessible than before.
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By Krishna
Extension of ITR due date not applicable to assessees subject to audit under other acts
The Income Tax Appellate Tribunal (ITAT) has ruled that the extension of the income tax return (ITR) due date for cases requiring tax audit cannot be applied to assesses who are liable for audit under any other Act.
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By Krishna
Link Pan Aadhaar june30 prevent Pan deactivation
Haven't linked your PAN (permanent account number) and Aadhaar yet? It's important to act quickly and complete the process before June 30. Failing to do so will render your 10-digit PAN inactive starting from July 1.
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By Krishna
GST fraud 10000 crore 3000 shell cos fake details
About 3,000 shell businesses were found during the government inquiry into the alleged GST fraud in Noida.
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By Krishna
GST notice farmer pan misuse payment demand
A person living in Lathi village, located in the Jaisalmer district, experienced a state of disbelief when they received a show-cause notice from the goods and service tax (GST) department.
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By Krishna
Income Proof is Mandatory For Rs. 10 lakhs investments in small savings schemes
The government has recently implemented new regulations regarding post office schemes. As per the updated guidelines, individuals investing more than Rs 10 lakh in post office schemes are now required to provide documentation proving the source of funds.
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By Krishna
No TDS liability on year-end provisions if payees are not identified & provision revered next year
According to a judgment delivered by the Karnataka High Court in the case of Subex Technologies Limited vs. DCIT, Bangalore, it was stipulated that if payees were not identified and year-end provisions were reversed in the following year, there would be no withholding liability for Tax Deducted at Source (TDS).
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By Krishna
Company Directors Get 3 Months Jail For Income Tax & Liability Delay
Yash Patnaik, Mamta Patnaik, and their television production company have been convicted by a metropolitan magistrate court for failing to submit income tax amounting to Rs. 8.37 crore. The court has sentenced the directors to three months imprisonment in three separate cases filed by the Income Tax department. Additionally, a fine of Rs. 5,000 has been imposed in each of the three cases.
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By Krishna
Automated GST Scrutiny to Result In Notices For Data Discrepancies
According to experts, the recent implementation of automated scrutiny of Goods and Services Tax (GST) returns by the central government may result in taxpayers receiving notices when there are discrepancies between various types of tax returns.
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By Krishna
PAN Aadhar Linking Deadline Extended
The Income Tax Department giving the much-needed downtime to the Pan Card holders in India has extended the deadline to link PAN-Aadhaar till 30 June 2023. The deadline for linking PAN and Aadhaar has been extended to June 30, 2023, in order to provide taxpayers more time.
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By Krishna
Statutory Compliance Calendar for October 2020
Calendar for Corporate Compliance in October 2020... This page lists several statutory law compliance requirements for the month of October 2020.
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By Krishna