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  • 11 lakh PAN have been deactivated: Here's how to check if your PAN is active or not
    Posted Date : 07-Aug-2017 , 09:07:31 pm | Posted By CASANSAAR

    Recently, Minister of State for Finance Santosh Kumar Gangwar in a written reply informed the Rajya Sabha that as on July 27, 11,44,211 PANs have been identified and deleted or de-activated in cases where multiple PANs were found allotted to one person.  A person cannot hold more than one&nb...

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  • Deadline for Aadhaar-PAN linking extended till August 31
    Posted Date : 31-Jul-2017 , 10:13:39 pm | Posted By CASANSAAR

    The government on Monday notified that it has extended the deadline for linking Aadhaar with PAN (Permanent Account Number). The last date for the linking has now been finalised for August 31. The Central Board of Direct Taxes (CBDT) also said that the Income Tax Returns (ITRs) will be processed onl...

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  • Over 7.36 Crore PANs linked with Aadhaar - Income Tax Department
    Posted Date : 05-Jul-2017 , 08:25:09 am | Posted By CASANSAAR

    Nearly a quarter of 30 crore PAN holders have linked their unique alphanumeric number with Aadhaar, with over one crore such seedings happening last month. The jump in the number came after the government made it clear that the PAN-Aadhaar linking was mandatory from July 1 for filing of income ta...

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  • PAN won't be invalidated without Aadhaar link from 1 July
    Posted Date : 30-Jun-2017 , 08:57:03 am | Posted By CASANSAAR

    Taxpayers without Aadhaar number or its enrolment ID will not be able to electronically file their income tax returns (ITRs) from 1 July even as the tax department has said that in no case any PAN will be invalidated. A senior income tax (I-T) department official clarified that people who are not...

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  • No online filing of income tax returns without Aadhaar
    Posted Date : 30-Jun-2017 , 08:51:38 am | Posted By CASANSAAR

    Taxpayers without Aadhaar number or its enrolment ID will not be able to e-file their Income Tax returns (ITRs) from July 1 even as the tax department has said that in no case any PAN will be invalidated. A senior Income Tax Department official clarified that people who are not able to link their Aa...

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  • Centre makes linking of existing Aadhaar with PAN of taxpayers mandatory from 1st July
    Posted Date : 28-Jun-2017 , 04:57:55 pm | Posted By CASANSAAR

    The Government has made it mandatory to link existing Aadhaar numbers with Permanent Account Number (PAN) of taxpayers with effect from July 1. Amending income tax rules and notifying the same, the Government has also made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at th...

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  • Aadhaar mandatory for PAN cards - Supreme Court verdict today
    Posted Date : 09-Jun-2017 , 10:03:08 am | Posted By CASANSAAR

    The Supreme Court will pronounce its judgement today on a batch of petitions challenging the constitutional validity of making Aadhaar mandatory for filing income tax returns and allotment of PAN. A bench comprising Justices A K Sikri and Ashok Bhushan had on May 4 reserved the verdict on the ple...

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  • Link Aadhaar with PAN by sending SMS - Income Tax Dept
    Posted Date : 31-May-2017 , 10:19:04 pm | Posted By CASANSAAR

    The Income Tax Department on Wednesday urged taxpayers to link their Aadhaar with their Permanent Account Number (PAN), using a SMS-based facility. The department issued advertisements in leading national dailies and described how both the unique identity numbers of an individual can be linked by...

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  • PAN must for registration of companies with over Rs 20 lakh turnover
    Posted Date : 16-May-2017 , 10:38:00 am | Posted By CASANSAAR

    Organisations with over Rs 20 lakh turnover will have to specify the PAN while filling the Udyog Aadhaar Memorandum for registration.  These organisations include companies, limited liability partnerships, cooperative societies, societies and trusts.  The decision, taken at a meeting...

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  • Central Govt notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals
    Posted Date : 13-May-2017 , 06:18:12 am | Posted By CASANSAAR

    The Central Government vide notification dated 11th May, 2017 has notified that the requirement of quoting of Aadhaar / Enrolment ID shall not apply to the following individuals if they do not possess the Aadhaar / Enrolment ID:   An individual who is residing in...

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  • SC to hear plea challenging decision on making Aadhaar mandatory for IT returns, PAN
    Posted Date : 28-Apr-2017 , 09:02:12 am | Posted By CASANSAAR

    The Supreme Court to hear plea challenging government’s decision to link Aadhaar with PAN card for filing of Income Tax returns and to apply for new PAN. Earlier on Friday, the Supreme Court on Friday pulled up Centre saying that how could he made Aadhaar Card as mandatory when the Apex cou...

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  • Big Data to help tax department find out multiple PAN holders
    Posted Date : 30-Jan-2017 , 08:07:39 am | Posted By CASANSAAR

    To plug tax loopholes, the I-T department will use Big Data analytics to track down evaders by collecting information such as common address, mobile number and e-mail to establish relationship between their multiple PANs. The department, with support from private firms, will analyse the voluminou...

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  • Govt asks banks to obtain PAN from account holders by February 28
    Posted Date : 09-Jan-2017 , 07:52:07 am | Posted By CASANSAAR

    Tightening the noose around tax evaders, the government has asked banks to obtain permanent account number (PAN) or Form-60 if PAN is not available, from all bank account holders by February 28, 2017. "Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form ...

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  • Transactions in relation to which quoting PAN is Mandatory
    Posted Date : 18-Nov-2016 , 08:17:22 am | Posted By CASANSAAR

    The Income Tax Department prescribes a list of transactions for which quoting of Permanent Account Number (PAN) is mandatory. These are listed in Rule 114B of the Income Tax Rules, 1962 which were first inserted with effect from 1st November, 1998 and have been amended from time to time. The list un...

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  • Sebi eases PAN verification process for FPIs
    Posted Date : 18-Nov-2016 , 08:11:30 am | Posted By CASANSAAR

    To ease the PAN verification process at the time of account-opening of FPIs, markets regulator Sebi today said intermediaries can verify the PAN of FPIs online through a website authorised by the Income Tax department.  However, FPIs would have to provide the copy of the PAN card to their in...

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  • PAN Details Updation only required for Practicing Members - ICAI
    Posted Date : 06-Nov-2016 , 08:39:32 am | Posted By CASANSAAR

    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 em...

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  • I T Department Changes PAN Rules For Automobile Sales Above Rs.2 Lakh
    Posted Date : 20-Oct-2016 , 07:37:32 am | Posted By CASANSAAR

    The Directorate of Income Tax (Intelligence and Criminal Investigation) conducted a seminar of Tuesday on quoting of PAN in respect of transactions of sale or purchase of automobiles above Rs.2 lakh and furnishing of statement of financial transaction in case of receipt of cash payment exceeding Rs....

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  • Online Updation of Member's PAN Detail with ICAI
    Posted Date : 24-Aug-2016 , 12:17:08 pm | Posted By CASANSAAR

    In Case You are facing any Problem in uploading Tax Audit Reports due to non updation of PAN Number at ICAI or due to differences in the Name as Per ICAI Record and Name Given in PAN Number than pls Go through the Link Mentioned below and update your details. CLICK HERE FOR ONLINE PAN UPDATE WITH...

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  • CBDT launches paperless PAN and TAN application process
    Posted Date : 23-Jul-2016 , 08:32:07 am | Posted By CASANSAAR

    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 be allotted within one day afte...

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  • Now Get PAN, TAN for Corporates in a Day
    Posted Date : 19-Jul-2016 , 07:43:24 am | Posted By CASANSAAR

    For a greater ease of doing business in India, the Central Board of Direct Taxes (CBDT) on Monday said it has put in place new protocols which will ensure that corporates are allotted PAN and Tax Deduction Account Number (TAN) within a day. Interacting with reporters here, CBDT Chairman Atulesh J...

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  • Over 24.37 crore PAN cards allotted in country - Income Tax department
    Posted Date : 25-Feb-2016 , 08:54:57 am | Posted By CASANSAAR

    More than 24.37 crore Permanent Account Numbers (PAN) have been registered in the country till now, according to latest data. A senior income tax department official, quoting latest data, said a total of 24,37,96,693 PAN card numbers have been allotted till now across the country even as the depa...

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  • Rules regarding quoting of PAN for specified transactions amended
    Posted Date : 15-Dec-2015 , 10:00:19 pm | Posted By CASANSAAR

    The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Account Number (PAN) where the transactions excee...

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  • PAN & TAN Revised Application fees wef 15.11.2015
    Posted Date : 15-Nov-2015 , 09:10:51 am | Posted By CASANSAAR

    W.e.f. November 15, 2015, PAN & TAN application fees have been revised as under: 1.For dispatch of PAN card in India:- Rs. 107 (inclusive of service tax). 2.For dispatch of PAN card outside India: – Rs. 989 (inclusive of service tax). 3.For TAN applications:- Rs. 63 (inclusive of ...

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  • Govt to unveil new I-T tool to check PAN transactions history
    Posted Date : 14-Oct-2015 , 08:00:00 am | Posted By CASANSAAR

    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 I...

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  • Govt to soon make PAN must for cash spending beyond a limit
    Posted Date : 04-Oct-2015 , 08:40:42 pm | Posted By CASANSAAR

    To check generation of domestic black money, the government will soon make it mandatory to furnish PAN card details for cash transactions beyond a certain threshold, Finance Minister Arun Jaitley said today. “The government is at an advanced stage in considering the require...

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  • PAN allotment will remain suspended between 05.10.2015 to 09.10.2015
    Posted Date : 01-Oct-2015 , 08:59:55 pm | Posted By CASANSAAR

    The Income Tax Department is in the process of upgrading software applications. It is for information of PAN applicants that PAN allotment by Income Tax Department will remain suspended between 05.10.2015 to 09.10.2015 due to PAN data migration activity. However, PAN applications, through on­...

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  • Haryana asks dealers to submit correct PAN details for GST
    Posted Date : 13-Aug-2015 , 08:36:15 am | Posted By CASANSAAR

    Even as the GST roll-out from next fiscal remains "unclear", the Haryana government has asked traders to furnish correct Permanent Account Number (PAN) details for the allotment of Goods and Services Tax Identification Number (GSTIN).  The move comes as part of state gove...

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  • PAN Mandatory for Central Excise Registration
    Posted Date : 04-May-2015 , 10:19:02 pm | Posted By CASANSAAR

    Permanent Account Number (PAN) has been made mandatory for private firms seeking central excise registration. The registration will now be given within two days of filing online applications, as per the new simplified rules formed by the Finance Ministry "to improve the ease in doing busines...

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  • PAN card to be issued within 48 hours of applying
    Posted Date : 22-Apr-2015 , 09:01:08 pm | Posted By CASANSAAR

    The government will soon launch an online facility under which a PAN card will be issued within 48 hours of applying. Besides, special camps will be organised throughout the country, including rural areas, to help people get PAN cards. Permanent Account Number (PAN) is a 10-digit alpha numeric numbe...

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  • Traders protest making PAN must for buying gold over Rs 1 lakh
    Posted Date : 25-Mar-2015 , 05:41:38 pm | Posted By CASANSAAR

    Bullion market remained closed in the national capitaltoday as traders refrained from doing business to protest the Budgetary proposal that would make it mandatory to quote PAN for purchases of above Rs 1 lakh. “Making it mandatory to...

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