Income Tax Department Issues Notices to Directors of Defaulting Firms

Tax officials are increasingly issuing notices to directors of private limited companies which default on their tax dues, experts said. Directors are being held accountable for the tax compliance of the companies they work for under section 179 of the Income Tax Act dealing with recovery of dues. Business Standard reported on Tuesday quoting four […]

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PAN-Aadhaar Not Linked Yet? You May Have to Pay Rs 10,000 Fine

The Income Tax department might impose a penalty of Rs 10,000 on those who don’t link their PAN card with Aadhaar card within the deadline of 31 March 2020. The I-T department had earlier said that un-linked PAN cards will become inoperative if not linked with Aadhaar by March 31. If the PAN card becomes […]

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PAN to Become Inoperative After 31 March if Not Linked with Aadhaar: Income Tax Department

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 31 March, 2020. Till January 27, 2020, over 30.75 crore PANs have already […]

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Here’s why it is Mandatory for Everyone to Have a Pan Card

Issued by the income tax department as a unique identity document for taxpayers or income tax assessees, Permanent Account Number (PAN) is nothing but a 10-digit alphanumeric number. All those who are liable to pay tax in India, even minors and foreigners, are eligible to apply for a PAN card. The income tax department uses PAN […]

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5 Important Things you Need to Know Before you Link PAN Card to Aadhaar

The Income Tax department has extended the deadline for you to link your PAN card to the Aadhaar to March 31 this year. This is the eighth time the deadline has been extended. After the Supreme Court announced its verdict about the Aadhaar in 2018, the 12-digit identification number is mandatory for filing your income […]

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PAN Card, Aadhaar Card Linking Deadline Approaching. Check Online Status Here

All PAN cards which are not linked to Aadhaar cards will become inoperative or invalid from January as the income tax department has made it mandatory to link the two identity documents with each other. The linking deadline has been extended till December 31. After the last date i.e. January 1, all such Permanent Account […]

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Income Tax Department: PAN Card in 4 Hours Soon!

The tax department will soon start issuing electronic Permanent Account Number, which will bring the time required for getting the tax identification number down to just four hours. The Income Tax Department is planning to introduce a slew of measures to ease the process of obtaining a Permanent Account Number (PAN). The tax department is looking […]

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