New Delhi: Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account...
10:12 AM, Feb 05, 2012
New Delhi: The Income Tax Department will introduce a separate permanent account number(PAN)application form for non-residents in which NRIs, PIOs and entities having interest in India will have to provide additional information to the Central Board of Direct Taxes (CBDT). The new form - 49AA - will help the department gather information on non-Indian entities and individuals, like Persons of Indian Origin (PIOs), politically exposed persons (PEPs), persons linked to...
08:02 AM, Nov 01, 2011
New Delhi: The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones. The decision was taken recently by the Finance Ministry and it comes in the wake of a Comptroller and Auditor General (CAG) report that asked the Income Tax department to ensure that a single tax payer is not issued multiple cards. The proposed new...
05:59 PM, Apr 11, 2011
A religious trust has moved the Bombay High Court after the NSDL refused permission to open the accounts. ...
11:08 PM, Jul 12, 2010
24 crorepatis in second phase of elections, says NGO. ...
10:57 PM, Apr 19, 2009
Chennai: They might be upbeat after a narrow win but defending champions Chennai Super Kings' chances of making the playoffs are still far from good as they take on tournament-leaders Delhi Daredevils in a crucial IPL match here on Saturday. The four-wicket win over Rajasthan Royals on Thursday came as a massive boost for the two-time defending champions, who are placed fourth in the table with 13 points with six...
12:01 AM, May 22, 2008
I-T deptt to not accept tax returns for the quarter ending September 30 without PAN cards. ...
11:44 PM, Sep 25, 2007
Fund houses are now selling pan cards when they sell mutual funds. ...
09:17 PM, Jul 18, 2007
For a few hundred rupees you can get a pan card without verification. ...
09:30 AM, Apr 18, 2007
The Income Tax Department has extended the last date for surrendering duplicate PAN cards to February 23. ...
11:34 PM, Feb 12, 2007
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