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.
The five steps listed here can make the process of taking a loan simpler and systematic.
Currently, furnishing father's name is mandatory for the allotment of Permanent Account Number (PAN).
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.
Officials explained that banning JMB is important as the outfit has opened its full-fledged India chapter, Jamaat-ul Mujahideen India (JMI) recently, under the leadership of Salahuddin Salehin and his deputy Jahidul Islam with three main objectives— proselytization, training and armed combat with a view to establishing Islamic rule across the Indian subcontinent.
The Sebi has issued standardised norms for transfer of securities in physical mode.
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.
India announced on August 27 that it would allow operation of drones from December 1 and categorised them into five based on weight.
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.
India has always been a difficult place for premier brands plagued by constant policy interventions.
From November 1, an allottee/property holder can upload a form along with ID proof and a scanned copy of allotment/transfer letter on the website. The allottee will then get a KYA-UID number
“When you are talking about mobile networking, you must focus on local content and local languages,” Union Minister Ravi Shankar Prasad said.
Speaking of the merits of Aadhar, he said that while unique identification is necessary, it is not sufficient. “Any identification system which is not digital will not work.”
The five officially valid documents include the passport, driving licence, voter ID card, PAN card and job card issued by the NREGA.
Seven mobile phones, eight Aadhaar cards, one PAN card, a driving license and Rs 500 in Indian currency were recovered from their possession, police said.
Thomas alleged that the Centre collecting personal data of citizens including the army and police personnel and handing them over to foreign agencies could well be termed “espionage or treason”.
The SC order will have implications for linking Aadhaar to government welfare and financial inclusion schemes.
MobiKwik is the first wallet player to disburse loan amount in the user’s mobile wallet.
He said that telecom operators will need some time to verify documents shared by customers but his connection will continue to work as till the time documents are verified.
The matter is now being discussed at the highest levels in the government, considering the large-scale impact it can have on citizens if phones are disconnected in vast numbers.
PAN is a 10-digit alphanumeric identity allotted by the income tax department which is required to conduct even the simplest of financial transactions.
While the verdict made certain things very clear, there are still some questions left unanswered.
At present, furnishing of father's name is mandatory for the allotment of permanent account number (PAN).
In an effort to address fears over surveillance, breach of privacy and data farming, the Centre is promoting offline verification tools for Aadhaar.
The KYC process will not even need users to reveal their Aadhaar numbers, the collection of which has often been subject to controversies over potential data mining and tracking.
A timeline of the Aadhaar scheme that was today declared constitutionally valid by the Supreme Court.
"I am happy that Aadhaar Act has been upheld and private sector entities have been virtually barred from collecting or linking Aadhar to any services they provide," UIDAI CEO Ajay Bhushan Pandey said.
The majority judgment still carries a confusion that has dogged the project through the years: is there such a thing as an "Aadhaar card" ?
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 income tax data revealed that there were about 35.94 crore PAN alloted by end December 2017. The numbrer rose to 37.9 crore at March-end 2018.
The government has rescinded notification that extended provisions of the Prevention of Money Laundering Act, 2002, (PMLA) to jewellery purchases.
All you have to do is to log on to elections commission website http://www.nvsp.in and apply for inclusion or correction of names
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.
Rs 150-175 crore will be deployed to promote mutual funds investments.
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.
If a bank account is opened by accepting Aadhaar without biometric or OTP authentication and other verification, then bank will be held responsible for any loss.
A bench of Justice A.K. Sikri and Justice Ashok Bhushan took the decision even as Attorney General Mukul Rohatgi stoutly defended the government.
With several mobile apps allowing investors to buy direct mutual funds, they can earn higher returns compared with those from regular plans.
The state public service commission had invited application for over 10,000 LT grade teacher posts across the state.
You can verify your ITR either electronically, using OTP, EVC, or physically by sending a signed copy of ITR-V to CPC, Bengaluru.
Rajasthan has nearly 10,000 Atal Seva Kendras (earlier called Rajiv Gandhi Seva Kendras) at village panchayat and panchayat samiti levels which provide public utility services to rural people.
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.
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.
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.
According to notification issued dated April 9, 2018, Form 49A and Form 49AA, will now also have the option of transgender, along with the 'Male' and 'Female'.
Forging PAN cards, voter identity cards, children’s birth certificates were different modes used by these people for their inclusion in the draft.
The startup, founded in 2015 by four alumni of NIT Surathkal, changed a number of its policies last year to include more LGBTQ people in the workplace.
A total of 14,726 Pakistani citizens were given LTVs between 2011 and 2014 after they submitted applications in papers (offline), a Home Ministry official said.
We look at the three different kinds of India Post Payments Bank savings accounts - regular, digital and basic saving account.
The process for filing claims and objections will start from August 30 and continue till September 28.
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.
The commission's report, " Gambling and Sports Betting including Cricket in India", recommends a number of changes in the law for regulating betting and generating tax revenues from it.
The TDS rules in case of purchase of property from a resident individual are completely different than those of non-resident individuals.
The racket was unearthed after the DRI recently conducted raids at the BDB at Bandra Kurla Complex (BKC) here following a tip off and intercepted consignments of rough diamonds of "low quality" with a declared value of Rs 156 crore.
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.
The I-T department, on April 10, amended income tax rules to allow transgenders be recognised as an independent category of applicants for obtaining a Permanent Account Number (PAN).
From Saturday onwards if one is caught with plastic items that are banned in karnataka, state civic inspectors will note down all details pertaining to the person.
According to the Customs Brokers Licensing Regulations, 2018, an applicant seeking to get a licence for customs broker should hold Aadhaar as well as PAN card.
The families, claimed they had been staying in apartments at Laxmi Niwas, Matunga, for around four decades and had been issued identity and address documents.
This facility is free of cost and instant allotment of e-PAN is available only for a limited period on first-come-first-serve basis for valid Aadhaar holders.
For PAN card applications, if a person fails to provide any document for date-of-birth proof, submission of an affidavit is required.
The allotment of PAN is being carried out through two service providers, NSDL e-Gov and UTIITSL, which collect applications, process them, digitise the data and submit the same to ITD
Religious minorities from Pakistan staying in India on long-term visa could soon be issued Aadhaar/PAN cards and driving licence.
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.
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.
The apex court has adumbrated an excellent principle, at least for now, that Aadhaar can be made mandatory for disbursing subsidies, but not for services.
State Legislature is also competent to enact the required law but in consonance with the national policy on gambling and other relevant legal provisions.
Publication of Aadhaar cards by some people has no bearing on UIDAI and not the least on Aadhaar security, said the Aadhaar authority in reply to a query.
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.
Appearing for the Centre, Attorney General K K Venugopal said Aadhaar would not only help identify the beneficiaries of various schemes, it would also ensure better delivery of benefits.
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.
Last October, the CBI registered a criminal case against Sterling Biotech, its directors and a then director of Andhra Bank for allegedly cheating public sector banks of Rs 5,383 crore.
If you are single and looking out for a house on rent in ceramic town Morbi, ensure that your parents give their consent in writing.
On December 15, the Supreme Court had ordered that the deadline for linking Aadhaar to mobile phone numbers be extended till March 31, 2018.
You must keep your PAN card handy to enter the required details on registration portal. You will be required to provide your mobile number and email ID as well.
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.
Subramaniam said,"with the festive season being strong in this second half compared to the first half, it gives us some hope for optimism. "
As mutual funds become a preferred vehicle to reach financial goals, many investors are putting money in them for the first time.
Here are ten tips on how to draft a basic will by including the mandatory details and avoiding technical glitches and mistakes.
"We have shut our shops to protest against the mandatory PAN card requirement," All India Sarafa Bazar Association Vice President S K Jain said.
This brings me to my theory that horns are used by us purely to announce our presence in a sort of aural 'Kilroy was here' fashion.
The government has mandated submission of the 12-digit unique identity number Aadhaar by every bank account holder by March 31, 2018 to weed out unaccounted wealth.
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.
Gems and jewellery trade today expressed resentment over the requirement to produce PAN card for any transaction above Rs 2 lakh.
The decision by UIDAI was taken after reports that sim card retailers along with operators and agents indulge in fraudulently issuing new sim cards.
The government has given beneficiaries time till March 31, 2019 to apply for Aadhaar if they have yet to get the 12-digit unique identity number, even as the Ayushman Bharat scheme may be rolled out later this year.
He dismissed the argument that the scheme was based on the presumption that the entire population was hesitant in paying taxes and indulged in money-laundering.
The SBI Small & Midcap Fund, which was suspended for new investments in October 2015, will reopen for fresh subscriptions from May 16.
UIDAI restricts access to its database by classifying payment firms as local authentication user agencies, forcing them to ask for virtual IDs.
In particular, the Home Ministry expressed its serious concern over Rohingyas and other foreigners who have already entered and are illegally staying in India, including in the state of Jammu and Kashmir.
With the imposition of the Swachh Bharat cess on all services from today, getting a new PAN card for income tax purposes has become costlier by a rupee to Rs 107.
If you want to invest in mutual funds online, Aadhaar-based KYC process is much easier compared to a process that asked for scanned copies of documents.