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  • 11.5 Cr PAN Cards Deactivated after missing deadline for linking with Aadhaar
    Posted Date : 09-Nov-2023 , 09:12:24 am | Posted By CASANSAAR

    A total of 11.5 crore PAN cards were deactivated for not being linked to Aadhaar cards before the stipulated deadline, a Right to Information (RTI) reply by the Central Board of Direct Taxes (CBDT) stated.  The deadline for linking PAN with Aadhaar expired on June 30 earlier this year. ...

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  • PAN-Aadhaar linkage deadline extended till 31st March 2022
    Posted Date : 18-Sep-2021 , 08:06:33 am | Posted By CASANSAAR

    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, ...

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  • Foreign investors of AIFs in IFSC given exemption from furnishing PAN
    Posted Date : 13-Aug-2020 , 10:55:41 am | Posted By CASANSAAR

    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 dema...

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  • FM launches facility of Instant PAN through Aadhaar based e-KYC
    Posted Date : 29-May-2020 , 10:44:20 am | Posted By CASANSAAR

    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 ...

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  • Aadhaar card holders can now get a free PAN card in just 10 minutes
    Posted Date : 22-Feb-2020 , 09:36:29 am | Posted By CASANSAAR

    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 ap...

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  • PAN to become inoperative after March 31 if not linked with Aadhaar - CBDT
    Posted Date : 15-Feb-2020 , 10:18:58 am | Posted By CASANSAAR

    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...

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  • Govt can’t invalidate PAN for lack of Aadhaar linkage - HC
    Posted Date : 23-Jan-2020 , 10:13:59 am | Posted By CASANSAAR

    The Gujarat high court said that a person’s Income Tax (I-T) permanent account number (PAN) does not become invalid for filing income tax returns and making transactions just because it is not linked to their Aadhaar card. The HC said the government cannot make a PAN inoperative or hold the...

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  • PAN-Aadhaar linking deadline extended to 31st March 2020 - CBDT
    Posted Date : 30-Dec-2019 , 09:38:58 pm | Posted By CASANSAAR

    The last date for the mandatory linking of the Permanent Account Number (PAN) with Aadhaar has been extended till March next year, the CBDT said on Monday. The earlier deadline was Tuesday, December 31. "The due date for linking of PAN with Aadhaar as specified under sub-section 2 of sect...

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  • Now Get a reprint copy of your PAN Card for just Rs 50
    Posted Date : 15-Oct-2019 , 09:23:41 am | Posted By CASANSAAR

    Permanent Account Number (PAN) card is an essential document used for several purposes. It is compact and can fit easily into wallets. You can order a reprint of your PAN card for just Rs 50 in case you have lost or damaged it, or want a copy of it. A PAN card is issued by the income tax departme...

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  • PAN not linked to Aadhaar card will become inoperative from September
    Posted Date : 12-Jul-2019 , 05:04:27 pm | Posted By CASANSAAR

    The government will invalidate all PAN cards that are not linked to Aadhaar by September 1. At the moment 180 out of the existing 400 million PAN cards are not linked to Aadhaar. To validate and continue using the existing PAN cards, citizens will have to link them to Aadhaar. Or else, they will ...

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  • Govt plans to deactivate PAN not linked with Aadhaar
    Posted Date : 29-Apr-2019 , 07:50:32 am | Posted By CASANSAAR

    In a crackdown on duplicate Permanent Account Number (PAN) cards, the income tax department is likely to deactivate the PANs which are not linked with the Aadhaar number of the user by September 30. Over 20 crore out of a total of 44 crore PAN cards are yet to be linked to respective Aadhaar numb...

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  • PAN-Aadhaar linkage deadline extended to Sept 30
    Posted Date : 31-Mar-2019 , 09:04:59 pm | Posted By CASANSAAR

    The government has extended the cut-off date for linking Aadhaar with Permanent Account Number (PAN) to September 30, 2019.  However, it would be mandatory to quote and link Aadhaar number while filing the return of income from April 1, 2019 unless specifically exempted.  “The ...

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  • CAG says RoC had no info about PAN of 95% real estate Cos
    Posted Date : 13-Feb-2019 , 04:35:41 pm | Posted By CASANSAAR

    A CAG report tabled in Parliament Tuesday said the Registrar of Companies did not have information about PAN of 95 per cent of the real estate companies. Registrar of Companies (RoC) maintains database of all companies that register at the time of incorporation. Companies are required to file annual...

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  • Non-individuals conducting transaction over Rs 2.5 lakh must apply for PAN by May 31 of next FY
    Posted Date : 23-Nov-2018 , 04:43:23 am | Posted By CASANSAAR

    Non-individual entities who have do not have PAN but conduct a transaction of Rs 2.5 lakh or more in a single financial year will now mandatorily have to get a PAN before May 31 of the following financial year. This is as per a notification issued by the Income Tax Department dated November 19, 2018...

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  • Aadhaar PAN linking mandatory only for Resident individuals
    Posted Date : 27-Sep-2018 , 08:05:41 am | Posted By CASANSAAR

    The Supreme Court today upheld the linking of Aadhaar with PAN for filing income tax returns, thus upholding the Section 139AA of the Income-tax Act, 1961. The government in 2017 has introduced the aforesaid  section in the income tax act making it mandatory for assesses to quote Aadhaar/Enrolm...

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  • Father’s name not mandatory for PAN
    Posted Date : 03-Sep-2018 , 12:26:05 pm | Posted By CASANSAAR

    Mentioning father’s name may not be compulsory in future for obtaining Permanent Account Number (PAN), a key identification number needed for filing taxes and certain financial transactions, if the applicant’s mother is a single parent. The government has proposed to amend rules and f...

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  • Draft notification proposing amendments in PAN application Forms
    Posted Date : 31-Aug-2018 , 12:28:51 pm | Posted By CASANSAAR

    Rule 114 of the Income-tax Rules, 1962 (I.T.Rules) inter alia provides for the manner in which an application for allotment of a permanent account number (PAN) shall be made in Form No.49A and Form No.49AA (PAN application Forms). At present, furnishing of father’s name is manda...

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  • Free of cost instant e-PAN allotment on near to real time basic
    Posted Date : 29-Jun-2018 , 09:39:22 pm | Posted By CASANSAAR

    Instant e-PAN facility is Free of cost and instant allotment of e-Pan and is available only for a limited period on first come first serve basic for valid Aadhaar holders. Prerequisites: Applicant already having PAN should not apply for e-PAN The e-PAN facility is ONLY for reside...

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  • Certificate of incorporation is sufficient proof of PAN/TAN
    Posted Date : 16-Apr-2018 , 08:26:47 am | Posted By CASANSAAR

    The government on Saturday said the Certificate of Incorporation (COI) issued by the Ministry of Corporate Affairs (MCA) is adequate proof of Permanent Account Number (PAN) or Tax Deduction and Collection Account Number (TAN) for a company.  "Finance Act, 2018, amended section 139A of t...

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  • Requirement for obtaining PAN eased for Corporate Assessees
    Posted Date : 14-Apr-2018 , 08:13:10 am | Posted By CASANSAAR

    In case of a company, an application for incorporation, allotment of Permanent Account Number (PAN) and allotment of Tax Deduction and Collection Account Number (TAN) may be made through a Common Application Form submitted to the Ministry of Corporate Affairs (MCA). In these cases, the Certificate o...

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  • Due Date for Linking of Aadhar with PAN extended to 30th June 2018
    Posted Date : 27-Mar-2018 , 08:39:09 am | Posted By CASANSAAR

    CBDT extended the due date for linking the Aadhar Card with PAN till June 30, 2018. Vide its orders dated 31.07.17, 31.08.17 & 08.12.17, in file of even number, CBDT had allowed time till 31st March, 2018 to link PAN with Aadhaar while filing the tax-returns. Upon consideration of...

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  • 16.65 crore PAN, 87.79 crore bank accounts linked to Aadhaar
    Posted Date : 09-Mar-2018 , 09:53:26 pm | Posted By CASANSAAR

    As per the latest available information as on 05.03.2018, number of Aadhaar cards linked with PAN is 16,65,82,421 . Further, as on 02.03.2018, 8779.65 Lakhs Current Accounts and Savings Accounts have been linked with Aadhaar.  There are number of security features with regard to Aadhaar link...

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  • Deadline for linking Aadhaar with bank accounts, PAN extended to March 31
    Posted Date : 14-Dec-2017 , 09:48:47 am | Posted By CASANSAAR

    The government on Wednesday extended to March 31, 2018 the deadline for linking Aadhaar to bank accounts and various financial services. The move comes as a major relief for banks and other entities in the financial sector as crores of customers are yet to link their accounts to Aadhaar and might ha...

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  • 14 crore PAN-Aadhaar linkages done till now
    Posted Date : 13-Dec-2017 , 07:53:29 am | Posted By CASANSAAR

    Over 14 crore Permanent Account Numbers (PANs) have been linked with Aadhaar till now, official sources said today. With this, about 41 per cent of PANs are now linked with Aadhaar numbers. There are about 33 crore PAN cards, while Aadhaar has been issued to about 115 crore people. "Ov...

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  • Now, link all your insurance policies to Aadhaar and PAN
    Posted Date : 10-Nov-2017 , 08:49:24 am | Posted By CASANSAAR

    In a directive that is likely to pose a huge logistical challenge to insurance providers, the regulator has made it mandatory for companies to link Aadhaar with every individual policy. The move comes even as the Supreme Court has asked banks not to spread panic through text messages on deadlines fo...

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  • PAN not needed for cash sale of agri produce up to Rs 2 L/day
    Posted Date : 04-Nov-2017 , 09:41:12 am | Posted By CASANSAAR

    The revenue department said farmers do not need to quote PAN for cash sale of their produce up to Rs 2 lakh a day. The Central Board of Direct Taxes (CBDT) said in response to representations from stakeholders regarding applicability of provisions of Income-tax Act, 1961 to cash sale of agricultu...

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  • PAN card not required for jewellery purchase above Rs 50,000
    Posted Date : 06-Oct-2017 , 08:50:58 pm | Posted By CASANSAAR

    Government on Friday revoked GST notification on gems and jewellery stating that PAN card will no longer be mandatory on the purchase of jewellery for over Rs 50,000. The decision was taken at the crucial meeting of the GST Council today. Offering further respite to Jewellers, the meeting furt...

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  • Aadhaar deadline for social benefits to be extended till Dec 31- Govt to SC
    Posted Date : 31-Aug-2017 , 08:10:24 am | Posted By CASANSAAR

    The Centre on Wednesday told the Supreme Court that they would extend till December 31, the deadline to furnish Aadhaar for availing the benefits of various social welfare schemes.   Attorney General K K Venugopal made the submission that the current deadline of September 30 has been shifted ...

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  • SC to hear pleas on Aadhaar matter in November
    Posted Date : 31-Aug-2017 , 08:03:58 am | Posted By CASANSAAR

     The Supreme Court today said it would hear a batch of petitions on Aadhaar-related matters in November after the Centre informed that it will extend till December 31 the deadline to furnish Aaadhar to avail benefits of social welfare schemes. A bench headed by Chief Justice Dipak Misra said...

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  • Over 9.3 crore PANs linked with Aadhaar
    Posted Date : 13-Aug-2017 , 07:34:32 pm | Posted By CASANSAAR

    More than 9.3 crore Permanent Account Numbers (PAN) have been linked with Aadhaar, a senior Income Tax Department officer said  Of the total PAN-Aadhaar seeding, which is nearly 30 per cent of the total about 30 crore PAN holders, about three crore linkages were done in June and July.  ...

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