Pan Card Update

Aadhaar-PAN linkage: I-T Act treats all assesses alike, not discriminatory, says SC

The Supreme Court has termed as "fallacious" an argument that the new provision of the Income Tax Act making Aadhaar mandatory for filing income tax returns, is discriminatory and creates two classes

10.52 lakh bogus PAN cards cannot be termed miniscule number to harm economy: Supreme Court

The Supreme Court has said that as many as 10.52 lakh bogus PAN cards of individual income tax assesses cannot be termed a minuscule number to harm the country's economy.

Aadhaar-PAN linking must for ITR filing from July 1: Government

Senior officials said the apex court's order given yesterday was "studied" by a high-level team of authorities from the Law Ministry, Finance Ministry, CBDT and the Income Tax Department after which this clarification has been issued.

Aadhaar not mandatory, but must link to PAN if you have one: Supreme Court

A bench of Justice AK Sikri and Justice Ashok Bhushan said that those who already possess Aadhaar number will have to link it with PAN.

SC verdict on pleas against linking Aadhaar, PAN on Friday

The petitioners had told the court that the provision mandating linking of Aadhaar number with the PAN would have "extremely far-reaching consequences not only for individuals but small businesses too".

Aadhar and PAN can now be linked through SMS: Income Tax department

In a move aimed at easing the process of linking the Aadhaar number with PAN for taxpayers, the Income Tax (IT) department today said it has introduced an SMS-based facility that can be used to link the two.

IT department launches new facility to link Aadhaar with PAN

The Income Tax department has launched a new e-facility to link a person's Aadhaar with the Permanent Account Number (PAN), a mandatory procedure for filing IT returns now.

Govt's stand on Aadhaar for PAN in conflict with UIDAI: SC told

UIDAI has repeatedly said that every citizen of India was entitled to obtain it voluntarily, senior advocate Shyam Divan said in Supreme Court.

Nothing wrong in linking Aadhaar with PAN, rules Supreme Court

As per the changes brought by the government in the Finance Bill, those PAN cards that are not linked with Aadhaar numbers will lose their validity.

Now, link Aadhaar with PAN through ID proof scan, OTP

PAN cards not linked to Aadhar likely to become invalid after December 31: Report

Permanent Account Number (PAN) cards not linked to Aadhaar cards may become invalid after December 31, according to a report in Hindustan Times.

From July 1, Aadhaar to be mandatory for income tax returns, PAN card applications

The government on Tuesday proposed to make the Aadhaar card mandatory to file Income Tax Return and for a PAN card.

Move in offing to allow PAN in five minutes and tax payments through app

The pains involved with getting a permanent account number issued from authorities and the confusing number of procedures that make the exercise of paying taxes seem insurmountable even for an ordinary citizen may soon be a thing of the past.

Budget 2017: Centre may make Aadhar,PAN mandatory on gold purchases over Rs 50,000

Finance Minister Arun Jaitley may make Aadhar and PAN card mandatory for gold or silver purchases over Rs 50,000 in the upcoming budget 2017-18, the Economic Times reported today. Currently, customers are required to present

Govt mulls lowering limit for quoting PAN for cash transactions to Rs 30,000

In a move aimed at pushing cashless transactions and expanding its ambit of bringing more transactions into the formal economy, the government is learnt to be considering a cut in the current limit of quoting PAN number for cash transactions.

Govt tightens noose, asks banks to obtain PAN from account holders

In its latest attempt to spot and eliminate tax evaders, the government today asked banks to obtain permanent account number (PAN) or Form-60 if PAN is not available, from all bank account holders by February

Allotment of PAN, TAN in a day as govt fast-tracks application processes

The Finance ministry today said that new application processes have been introduced to fast-track allotment of Permanent Account Number (PAN) and Tax deduction Account Number (TAN) for both individual and company applicants. "For fast tracking

Taxman to issue 7 lakh letters seeking information on high value non-PAN transactions

New Delhi: Stepping up its effort to curb domestic black money, the Income Tax department has retrieved information on 90 lakh high value non-PAN transactions reported for the period between 2009-10 and 2016-17. The tax

I-T department to tighten noose around tax defaulters; to block PAN, LPG subsidies

New Delhi: In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and

Ease of doing business: Govt weighs making PAN a unique ID for companies

Government is working on a proposal to make PAN a unique identity for business entities with a view to improving ease of doing business and ensuring a company is incorporated in a day using an integrated e-biz portal.