Tag Archives: PAN

Take PAN and comply Rule 114B of Income Tax Rules 1962 : RBI to Banks

By | November 17, 2016

RBI/2016-17/135 DCM (Plg) No.1287/10.27.00/2016-17 November 16, 2016 The Chairman / Managing Director/Chief Executive Officer Public Sector Banks / Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir, Withdrawal of Legal Tender Character of Specified Bank Notes – Compliance with provisions of 114B of the Income Tax… Read More »

ICAI asked members to update PAN Details

By | November 7, 2016

Update PAN Details. Only required for Practicing Members This refers to the earlier announcements of ICAI regarding the updation of PAN details by the members in the Institute’s records to avoid blocking of e-filing account by the Income Tax Department. Inspite of the earlier said announcements and reminder emails sent from time to time, it… Read More »

Revised Template Letter to communicate transactions without valid PAN

By | July 27, 2016

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

By | July 27, 2016

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

SOP for handling AIR transactions without valid PAN

By | July 23, 2016

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 »

Now PAN and TAN allotment in One Day !

By | July 22, 2016

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

By | July 17, 2016

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 »

Fees for PAN Card

By | June 2, 2016

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 Questions and Anwers

By | December 18, 2015

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 »

Government to Unveil New Income Tax Tool to Check PAN Transactions History

By | October 14, 2015

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 »