Mysore/Mysuru: The purchaser or buyer of the property at the time of making payment of purchase consideration shall deduct TDS at 1% on purchase of immoveable property wherein the purchase consideration of the property exceeds or is equal to Rs. 50,00,000. Before deducting the TDS at 1%, the purchaser shall ensure that the PAN and…
Mysore/Mysuru: While filing the Quarter 2 TDS/TCS statements of the FY 2023-24, all the deductors or collectors like Central and State Government Offices, Local Authority, Companies, Financial Institutions, Insurance Com-panies, Educational Institutions, etc., shall deduct TDS at 20% or collect TCS at 20% on such Individual Inoperative PANs which have not been linked with Aadhaar….
New Delhi: The Government on Tuesday extended the deadline to link the Permanent Account Number (PAN) with the Aadhaar card by three months to June 30, 2023. The decision to provide more time to tax-payers to link their PAN with Aadhaar comes just before the current deadline was to come to an end on March…
Linking of PAN and Aadhaar has been enabled now in the Income Tax portal. Every person who has been allotted a Permanent Account Number (PAN) and who is eligible to obtain an Aadhaar number, shall mandatorily link their Aadhaar and PAN on payment of fee Rs.1,000 on or before 31.3.2023. The fee payment for PAN-Aadhaar…
New Delhi: You may face double trouble if you fail to link your Aadhaar with PAN by the end of this month. First, your PAN will become inoperative and second, you may be fined Rs. 10,000 if you use an inoperative PAN. The Income Tax Department has said that PAN card holders may face penal…
New Delhi: Errors in names and other details in the Permanent Account Number (PAN) can now be corrected online, with the Income Tax Department adding two hyperlinks on its e-filing website. One of them is to make changes in the PAN data or for an Indian or foreigner to apply for it. The other hyperlink…
Sir, This refers to the news item titled “Aadhaar to be must for IT returns” in a national daily recently. The PAN numbers of assessees do not match in most cases with the Data Base of the IT Department. With great difficulty one has to find out the name as per the IT data base…
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