Aadhaar linking with PAN can now be done till March 31, 2022, after the government extended the deadline from September 30, 2021. “The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to extend timelines for compliances under the Income-tax Act,” the Central Board of Direct Taxes (CBDT) said on Fr...

The government has granted an exemption to non-residents (NRs) investing in category I and category II alternative inv­e­s­tment funds (AIFs) located in the International Financial Services Centre (IFSC) from furnishing the permanent account number (PAN). This was a long-standing demand from foreign investors wanting to pool money at IFSC, instead of other offshore jurisdictions, such as Mauritius and Singapore, which do not req­uire investors to obtain PAN. Currently, a sizea...

In line with the announcement made in the Union Budget, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis) here today. This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost. It may be recalle...

To get a new PAN card you need not fill up a 2-page application form and wait for a few days anymore as the income tax department has launched a new facility for taxpayers allowing anyone with an Aadhaar card to get an instant PAN card online and that too for free.  The instant e-PAN card application form needs you to input only your Aadhaar number after which an OTP is sent on your linked mobile phone number for completion of e-KYC process. A Permanent Account Number (PAN) is issued ...

Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by March 31, 2020, the Income Tax department has said. The deadline for linking of PAN and Aadhar has been extended several times and the current deadline ends on March 31, 2020. Till January 27, 2020, over 30.75 crore PANs have already been linked to Aadhaar. However, 17.58 crore PANs are yet to be linked with the 12-digit biometric ID. “Where a person, who has been allotted the permanent acco...

subscribe

Loading next article...