PAN CARD: Income Tax Department, individuals are prohibited from possessing or holding more than one PAN Card

PAN or Permanent Account Number Card is a unique ten-digit alphanumeric identifier issued by the Income Tax Department to individuals, companies, and other entities. The PAN Card is used as a proof of identity and is required for various financial transactions, including opening a bank account, applying for loans, filing income tax returns, and making …

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How to Check PAN Card Details Online?

PAN card information can be found by searching by name, date of birth, address, and number. The methods listed below are simple ways to check PAN card details online: How to Check PAN Card Details by Name and Date of Birth? The steps the applicant must take to check PAN card details using his or …

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Big update! Government likely to extend PAN-Aadhaar linking deadline; may charge late fee

The government is likely to extend the deadline for linking the permanent account number with Aadhaar by another two-three months, officials said. The Central Board of Direct Taxes could issue a notification to this effect soon, a government official, privy to the development, told ET. However, a fee will have to be paid for the period. The last …

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PAN Card Holders big Alert! Your bank account can be empty due to PAN-Aadhaar linking, know the whole thing

PAN-Aadhaar Linking: If you have a PAN card, it is necessary to link it with Aadhaar by March 31. Scammers are targeting people on the pretext of this. The message of updating PAN card in the name of SBI is getting increasingly circulated. Avoid this, otherwise your account may be empty. PAN-Aadhaar Linking: The month …

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Income Tax department sends Urgent Notice Taxpayers Alert!

PAN-Aadhaar LINK: After March 31, 2023, your Permanent Account Number (PAN) will become inoperative, if it is not linked to your Aadhaar. The centre has extended the deadline to link PAN with Aadhaar several times, however, this time the centre has sternly advised taxpayers to link their PAN with Aadhaar within the current deadline. “As per …

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Urgent Notice! As per Income-tax Act, 1961

Urgent Notice! As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not come under the exempt category, to link their PAN with Aadhaar before 31.3.2023.From 1.04.2023, the unlinked PAN shall become inoperative. Please don’t delay, link it today! If you are not sure if your PAN and Aadhaar cards are …

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CONSEQUENCES OF NOT LINKING PAN WITH AADHAAR

From 1st April 2023, you will not be able to use your PAN if it is not linked to your Aadhaar and there will be several other consequences too. While most of the PAN holders in the country have already linked to Aadhaar, some are yet to do that. “As per Income-tax Act, 1961, it …

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Lost or misplaced your PAN card, Apply duplicate PAN either online or offline Know easy process

If you have lost or misplaced your PAN card, you can apply for a duplicate PAN either online or offline, or download an electronic PAN card or e-PAN card from the IT department’s e-filing portal. It is to be noted that in case of loss or theft of the PAN card, you should immediately lodge a complaint to your …

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Key Direct Tax proposals Budget 2023

Income-tax: Key Direct Tax proposals in Budget2023; provide clarity on tax treatment

Budget Highlights: Key Direct Tax proposals in Budget2023. In Budget2023 several amendments have been proposed for rationalising the provisions relating to Charitable Trusts and Institutions to provide clarity on tax treatment. Key Direct Tax proposals in Budget2023.Budget2023 proposes to enable prescription of a uniform method for computation of the value of perquisite with respect to …

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New PF withdrawal rule: PAN card holders must do this when filing income tax returns

The Union Budget presented by Finance Minister Nirmala Sitharaman suggests lowering the TDS (tax deducted at source) rate for EPF withdrawals made from accounts that have not been seeded with a PAN. If the user’s PAN card is not seeded with the EPF account, the user will be subject to a 20% tax rate instead …

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Methods to Apply for a Lost/Duplicate PAN Card?

Duplicate PAN Card is an exact replica of the original PAN Card. It is given to an individual or taxpayer who has had his or her current PAN Card damaged, stolen, misplaced, or lost. The Income Tax Department of India has made it simple to apply for a lost PAN Card. What are the Methods to Apply …

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PAN card holders alert! Your PAN card may be inoperative

If you are a PAN card holder and you have not yet linked it with Aadhaar, then this news is important for you. Permanent Account Number (PAN) will become inoperative after March 2023 if the cardholder fails it to link with the Aadhaar Card, the Central Board of Direct Taxes (CBDT) had said earlier this …

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What is E-PAN?

E-PAN is the PAN provided in PDF format rather than physical card. The E-PAN card in PDF format will be sent to e-mail ID mentioned in PAN application form. If the physical PAN Card is not required, then PAN applicant will have to indicate at the time of submission of PAN application. In such cases, …

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How To Sign PAN Application (Form 49A/ 49AA)?

​The applicant has to provide signature at three places in form 49A/ 49AA. If the applicant cannot sign, then the Left Hand Thumb impression of the applicant should be affixed at the place meant for signatures and should be attested by a Magistrate or a Notary Public or a Gazetted Officer, under official seal and …

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Who Can Apply For PAN On Behalf Of Non-Resident, Minor, Lunatic, Idiot And Court Of Wards?

Section ​160 of Income-tax Act, 1961 provides that a non-resident, minor, lunatic, idiot, mentally retarded, deceased, wards of court and such other persons may be represented through a Representative Assessee. In such cases, In the application for PAN, details of the non-resident, minor, lunatic, idiot, mentally retarded, deceased, wards of court, etc. should be provided. …

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What Documents Will Serve As Proof Of Date Of Birth For Individual Applicants?

​​​Copy of any of the following document will serve as proof of date of birth in case of individual applicants being Indian citizens (including those located outside India): Birth Certificate issued by the Municipal Authority or any office authorized to issue Birth and Death Certificate by the Registrar of Birth and Death or the Indian …

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What Documents Will Serve As Proof Of Identity In Case Of Individual/ HUF Applicants?

Any of the following document will serve as proof of identity in case of individual applicants being Indian citizens (including those located outside India) :  (1.) Copy of following : Aadhaar Card issued by the Unique Identification Authority of India; Elector’s photo identity card; or Driving License; or Passport; or Ration card having photograph of …

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What Documents And Information To Be Submitted Along-with PAN Application in Form 49A/ 49AA?

​The documents required to be submitted with the PAN application are specified in Rule 114 of the Income-tax Rules. The details of the documents required are also provided in the application form. Individual applicants have to provide document pertaining to proof of identity, proof of address and proof of date of birth. The name of …

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Can Application For PAN Be Made On Plain Paper?

​​​​​Application for PAN cannot be made on plain paper. The application for PAN is to be made in the prescribed form i.e. Form No. 49A/ Form No. 49AA as the case may be. Form No. 49A is to be used by Indian Citizen/ Indian Companies/ Entities incorporated in India/Unincorporated entities formed in India and Form …

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How To Link Aadhaar With PAN Using SMS Facility?

Taxpayer who wants to link their Aadhaar number with PAN is required to send SMS to 567678 or 56161 in following format: UIDPAN<space><12 digit Aadhaar><space><10 digit PAN> Example of SMS to 567678 or 56161: UIDPAN 111122223333 AAAPA9999Q Aadhaar number will be linked with PAN if name and date of birth of taxpayer is identical to …

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How To Apply For PAN?

​​​PAN application can be filled up in the following forms – Form 49A (for Indian Citizens) Form 49AA (for Foreign Citizens) PAN application can be made either online through NSDL website http://www.tin-nsdl.com (Click here to apply for PAN online) or UTIITSL ​website (Click here to apply through UTIITSL) or through any of the NSDL TIN-Facilitation …

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