"While confidentiality about your data is guaranteed by Census Act, 1948; the same law specifies penalty for BOTH public AND census officials for non-compliance or violation of any provision of the Act," the RGI said.
“I was hardly 21 when these transactions were made. I had not been to Mumbai or Gujarat in 2011 or 2012. I was then working with a private firm in Indore, earning Rs 7,000 a month, which is non-taxable,” said Ravi Gupta.
Permanent Account Number or commonly known as PAN card is one of the important financial document. PAN is required to conduct various financial transactions such as investing in fixed deposit, mutual funds and so on.
Mr. Shaankar Sen, Vice Chairman, GJC, said, “The high import duty on Gold has increased socio-economic menace in the country in the form of smuggling of alarming proportions and the re-emergence of unorganized/illegal channels for procuring gold.
Any eligible beneficiary desirous of receiving benefit under the scheme, who does not possess the Aadhaar number or, has not yet enrolled for Aadhaar, shall have to apply for Aadhaar enrolment. The home ministry said the notification comes into effect in all states and union territories except Assam and Meghalaya, where Aadhaar has not covered all residents.
In her Budget last year, finance minister Nirmala Sitharaman took a pragmatic approach by announcing no changes in personal income tax rates but levying an additional surcharge on the super rich.
The agreement mentions that the member, on the other hand, agrees to be satisfied by the genuineness and financial soundness of the client and making the client aware of broker’s liability for the business to be conducted.
In one of the major operations, the sleuths of DGGI, Chennai Zonal Unit (CZU), carried out a search on 19 and 20 December at multiple premises in the state and unearthed the fraud of about Rs 900 crore. A string of firms was created and GST registrations were done for them using identity documents of gullible people.
Besides, they have been asked to disgorge unlawful gain of about Rs 7 lakh, including interest.
The activist, who advises various farmer organisations, was arrested when Assam was witnessing widespread protests against the Citizenship (Amendment) Act. Officials of the anti-terror force searched Gogoi's residence in Nizarapara area of Guwahati and also seized copies of his PAN card, an SBI debit card, an EPIC and a bank passbook.
Finance Ministry's notification suggests that if Aadhaar authentication fails due to poor biometrics or other reasons, then other methods for authentication must be adopted. Here's what senior citizens will have to submit to avail continued benefits.
Unlike the PPIs that are available now, the new instrument can only be used for making retail payments. You cannot use it to transfer funds to other PPIs, make credit card payments and so on.
Govt to suspend as many as 18 crore PAN cards not linked to Aadhaar. The suspension is aimed at checking evasion of taxes. This move will help invalidating PAN cards that are not linked to Aadhaar.Crackdown on fake IDs: 18 cr PAN cards to become invalid
Linking your PAN with Aadhaar is mandatory to file your income tax return. Another thing you to keep in mind is that if your PAN is not linked with Aadhaar by the December 31 deadline, then as per current laws your PAN will become inoperative.
You can invest and track your portfolio online, in a hassle-free manner. However, it does require studying the past performance of various funds and developing analytical capabilities and a sense for anticipating market movements.
Supreme Court makes linking of Aaadhar with Pan card compulsory to file income tax returns.SC orders linking Aadhar with Pan card compulsory
These companies are using the services of startups such as IDfy, VerifyDigital, inVOID and Yoti to identify employees, run checks on gig economy workers and providers of shared services like bike rentals, car rentals, and for dating and marriage services.
FASTags are issued by 22 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and select bank branches, e-commerce platforms like Amazon and mobile wallets like Paytm.
CBDT issued a notification in August where it stated that if someone without a PAN card quotes their Aadhaar number, then the income tax department will consider this an auto-application for PAN and it will be issued to the individual.
If you want to link your PAN with your State Bank of India (SBI) bank account, then you can do it online without visiting the branch.
A payday loan is an ultra short-term borrowing meant to help the individual tide over a temporary crunch.
UK, France and NY top attractions as big brands offer huge discounts, logistical support. La Vallée Village in France, which is home to brands such as Armani, Jimmy Choo, Givenchy and Versace, has been organising trade events in India and saw visits by Indians increase 40% last year.
The 35 per cent demand slump year-onyear has affected a large number of workers involved in the trade.
Aadhaar card is an important document. To apply for Aadhaar card, you must have valid ID proof and address proof. However, you can still apply for Aadhaar card if you do not have the required documents. Here are two ways to apply for Aadhaar card.
Since PAN is an important ID proof to conduct even the most basic of financial transactions, it is important that you are aware of these changes.
The number of people filing income tax returns has increased by 50% to 6.08 crore so far in the assessment year 2018-19 compared to the year-ago period.
Justices Bhushan and S A Nazeer made it to the bench after Justices N V Ramana and U U Lalit, both likely to become chief justice of India in future, recused themselves from hearing the politically sensitive matter in the wake of objections raised by some litigants.
The deadline for filing claims and objection in NRC ended on December 31, 2018.
Tarrakki ZYAADA offers insta redeem feature that is powered by HDFC Bank Visa debit Card.
So far, around Rs 200 crore has been restored to the rightful claimants to whom the funds belong.
PAN card is a key document used for tax purposes and as a valid identity proof. The data recorded on PAN must be accurate and up-to-date.
It is a pension scheme available for senior citizens offering a guaranteed payout of pension at a specified rate for 10 years.
The insured needs to either endorse the policy document or make a deed of assignment and register the same with the insurer.
With the help of FASTag, you will not have to stop your vehicle at toll plazas to pay the toll. As soon as the vehicle crosses the toll plaza, the toll fee will get deducted from the prepaid wallet linked to the FASTag affixed on car's windscreen.
Earlier, the deadline to PAN with Aadhaar was September 30, 2019.
PAN is a 10-digit alphanumeric identity allotted by the income tax department which is required to conduct even the simplest of financial transactions.
PM also asked CBDT to aim to shift to 100% technology driven mechanism for all the issues including e-assessment and sensitize its officers to increase efficiency and effectiveness.
On checking with the other bank, it emerged that someone had submitted a forged copy of his PAN card, with a different picture and a signature to get several loans sanctioned in his name.
The industry is also seeking to waive off the bank commission or reduce it to 0.20 per cent, to boost digital transactions in the industry.
The finance minister announced the interchangeability of Aadhaar and PAN.
As per Section 272B of the Income Tax Act, the income tax officer can levy a penalty of Rs 10,000 on you for having more than one PAN card.
If you are looking to correct your PAN details, it can be done online as well as offline. Here's your primer on how to go about it.
the Centre had contended that Aadhaar was made mandatory for allotment of PAN to weed out fake cards which were used for terror financing and circulation of black money.
The government has rescinded notification that extended provisions of the Prevention of Money Laundering Act, 2002, (PMLA) to jewellery purchases.
To complete full KYC, you need requires an in-person verification with your PAN card and proof of address.
Our channel checks suggest various organised jewellers have started talking in terms of fixed making charges (and not as a percentage of gold price) on plain gold jewellery.
The officer said around 20 such fake firms have been identified, six of them were at Greater Noida addresses, while the remaining having Delhi addresses.
A bench of Justice A.K. Sikri and Justice Ashok Bhushan took the decision even as Attorney General Mukul Rohatgi stoutly defended the government.
An NRI can open an NPS account online if he has a PAN card and a bank account and satisfies other conditions.
The panel was set up to look at various facets of household finance in India on the recommendations of the subcommittee of the Financial Stability and Development Council meeting last year.
"The NBFC resuce package is a good gesture, at least it is a good mechanism to start with."
Govt had defended the law, rejecting claims against it over privacy concerns and terming biometric identification as a vital feature of contemporary society.
The AG said that due to Aadhaar, government has saved over Rs 50,000 crore on the schemes to benefit the poor as well as the pension schemes.
From Monday, things would be back to normal says MOFSL MD & co-founder
The non-resident will be required to provide copy of an alternate valid document to ascertain identity as well as the non-resident status.
Millions of Indians could be facing the problem as the government insists on Aadhaar-PAN linking by July 31, a prerequisite to filing tax returns.
The 'mega million' launch will take place in all states and Union territories.
Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification.
There are definite signs of a chill in sales this festive season, in line with the slowdown in consumption.
Rai said that representatives from both the companies would soon be reaching out to the authorities in these countries .
While depositing self-assessment tax or advance tax during the year, you may have selected the wrong assessment year which could lead to a discrepancy.
Any deposit with a bank or a post office as well as opening of an account, other than Jan-Dhan, also requires the PAN card.
Religious minorities from Pakistan staying in India on long-term visa could soon be issued Aadhaar/PAN cards and driving licence.
The apex court said that it has come on record that 11.35 lakh duplicate or fraudulent PAN cards have been detected and out of these, 10.52 lakh cases pertain to individual assesses.
Consumption in some sectors is dropping but there is still consumption in other sectors.
The Supreme Court on February 6 had confirmed that linkage of PAN with Aadhaar is mandatory for filing of ITRs.
To apply for an Aadhaar card, here are the six steps you should follow.
'How to do video KYC' by Tata Mutual Fund is currently available in English and Hindi.
To apply for Aadhaar card, you are required to provide valid documents of proof of identity, address proof and date of birth.
Get to know the process of applying for a PAN by an NRI as they need to provide certain documents which are specific to them.
Aadhaar based registration for NPS account has been disabled since January 2019. Here's the process to open an account online.
All India Gem and Jewellery Domestic Council also wants the PAN card limit to be raised to Rs 5 lakh from Rs 2 lakh.
A voter ID card is issued by the Election Commission, and is also known as Electoral Photo ID Card or EPIC.
Digital identity verification firms, are seeing higher demand for their services in India.
It is important to note that all accounting documents need to be certified by a CA and audited proof of continuation of will need to be submitted.
The duo -- Khairul Mandal and Abu Sultan from Jhenaidah district of Bangladesh -- are associated with the terror outfit Jamiat-Ul-Mujahideen Bangladesh (JMB) and Islamic State Bangladesh.
Having your voter ID card alone does not mean that you will definitely be allowed to vote. It is required that your name should appear on the electoral rolls.
GJF has recommended GST at 1.25 per cent for the gems and jewellery sector, so that it help the industry become compliant and organised.
The distribution of new-look PAN cards, being printed by NSDL and UTIITSL (UTI Infrastructure Technology and Services Ltd), started since January 1.
It also culls news appearing about its members on a daily basis giving banks more teeth to disburse.
Even if you don't have a voter ID card, it is imperative that you're registered as a voter, and your name appears on the electoral rolls.
Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records as the card does not contain the minor’s photograph or signature.
The five officially valid documents include the passport, driving licence, voter ID card, PAN card and job card issued by the NREGA.
Currently, furnishing father's name is mandatory for the allotment of Permanent Account Number (PAN).
What could be accessed were customer-scanned copies of Aadhaar or PAN cards, which are usually submitted by applicants during KYC.
A Rs 2 lakh crore income declaration was made in the family's name under the IDS. But the government has rejected the claim and has stated that it will conduct investigations into the matter.
All India Gem And Jewellery Domestic Council chairman N Anantha Padmanaban told PTI here that the increase in customs duty and GST will hike the prices by 15.5 per cent, which will benefit the grey market.
The minister announced that to resolve the issue of angel tax, startups and their investors who file requisite declarations and provide information of their returns will not be subjected to any kind of scrutiny.
"We have shut our shops to protest against the mandatory PAN card requirement," All India Sarafa Bazar Association Vice President S K Jain said.
The rule applies to all the bank accounts of an individual, though it is unclear how banks will capture the information of the cash deposited in other accounts.
Notably, the tax was introduced to prevent and detect money laundering practices and also catch bogus startups.
The Bombay High Court has summoned three senior Central government officials to appear before it on January 8 to show what action had been taken in the matter.
Mohammad Shokeen and twelve members of his family could not cast their votes on Sunday as their names were missing from voter's list despite the fact they have been living at same address in Delhi for 32 years.
Gems and jewellery trade today expressed resentment over the requirement to produce PAN card for any transaction above Rs 2 lakh.
Subramaniam said,"with the festive season being strong in this second half compared to the first half, it gives us some hope for optimism. "
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