Check out 3 consequences that can occur if you fail to link PAN with Aadhar UID in the next 3 days
Tag: PAN
Govt receives proposal to make PAN card mandatory for buying gold
The government has received a proposal to put some limitations on sale and purchase of gold to avoid tax evasion. As per reports, a panel of financial regulators has proposed that any gold transaction must involve the PAN Card. The proposal adds that the PAN card rule should not be[Read More…]
Government deactivates 11.44 lakh PAN to get rid of duplication
The government has deactivated or deleted nearly 11.4 lakh income tax permanent account numbers (PAN) as individuals were found to have more than one PAN. As per the law, an individual can have only one PAN. The government has over the years sought to get rid of duplicate PANs. Consequently,[Read More…]
Another 5.56 lakh people found to have inconsistent tax profiles with money deposited post demonetisation
The Income Tax Department has identified another 5.56 lakh people whose tax profiles are found to be inconsistent with the money deposited by them post demonetisation in October last year. With an aim to detect black money generation post demonetisation, the I-T department carried out the second phase of ‘Operation[Read More…]
Aadhaar to be made mandatory for corporates
In order, to tackle the problem of fake identities, centre to soon make Aadhaar number compulsory for vital managerial personnel and directors in regulatory filings under the Companies Act. The move is initiated at a time when authorities are taking steps to deal with the dangers of shell companies which[Read More…]