Under Section 194-IA of the income tax law, property buyers in India are obliged to deduct tax at source (TDS) if the property value is more than Rs 50 lakh. On property deals worth … READ FULL STORY
PAN cards are required to be carried by all taxpayers in the nation. Every taxpayer has a unique 10-digit alphanumeric identifier, called Permanent Account Number (PAN) that is connected to their individual tax information. … READ FULL STORY
In the Indian financial landscape, PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are two crucial identification numbers issued by the Income Tax Department. While both are alphanumeric codes, they … READ FULL STORY
The Central Board of Direct Taxes (CBDT) has extended the last date to link PAN with Aadhaar to June 30, 2023. This will provide taxpayers additional time for linking their PAN and Aadhaar without … READ FULL STORY
Submitting your Aadhar is now mandatory in invest in any of the government-backed small savings schemes from April 1, 2023, the finance ministry said in notification issued on March 31, 2023. Before April 1, … READ FULL STORY
The linking of PAN and Aadhaar is a mandatory exercise that citizens must complete before the deadline of June 30, 2023. Earlier, the deadline to link PAN-Aadhaar was March 31, 2023. However, several users … READ FULL STORY
Finance minister Nirmala Sitharaman on February 1, 2023, said the government will roll out a legal framework under which the PAN (permanent account number) would be made the single business identification number . While presenting … READ FULL STORY
A Permanent Account Number (PAN) card is mandatory to carry out a majority of financial transactions in India. This is why one should apply for a PAN card, even if one does not need … READ FULL STORY
What is PAN KYC? KYC, the procedure of confirming the consumers’ identities, stands for ‘Know Your Client or ‘Know your Customer’. In 2002, the Reserve Bank of India (RBI) issued KYC regulations that applied … READ FULL STORY
In case your PAN Card has an old residential address, you can apply for a change and update it online. There are two ways by which this online application for PAN card address change … READ FULL STORY
A PAN card is one of the important documents that every taxpayer in India should have. It is issued by the Income-Tax Department and serves as an identity proof. A PAN card is required … READ FULL STORY
Permanent Account Number, known as PAN, is a unique 10-digit alphanumeric number allotted to Indian taxpayers by the Income Tax Department under the Income Tax Act, 1961. The government keeps track of an individual’s … READ FULL STORY
As housing societies are not apparently engaged in any income earning activities, there is a perception that they are not required to comply with any income tax provisions. This impression is heightened by the … READ FULL STORY
