The Income tax department introduced the PAN (Personal Account Number) as a system for uniquely identifying and storing the records of income taxpayers. The PAN number is alphanumeric and has a unique combination of alphabets and numbers that are unique for each individual. The alphabets denote important details ever since its inception in 1972
All taxpayers in India, are mandatorily required to furnish their Permanent Account Number (PAN). So, it is compulsory to obtain a PAN (Permanent Account Number) card because it should be necessarily quoted in all communications with the Income Tax Department. What is a PAN (Permanent Account Number) card? The income tax department of India
Understanding Loan Moratorium: EMI Relief & Cashback
The Covid – 19 pandemics-related lockdown inflicted tremendous financial stress on our economy and affected the income of the common man. Understanding the anxiety of loan borrowers, during this period, RBI offered loan moratorium facility to aggrieved borrowers. The loan moratorium implies the borrower is relieved of paying EMIs for a specific period (a
About Aadhaar Card Aadhaar card is one of the most integral identity, age, and address proof issued by UIDAI – Unique Identification Authority of India and can be asked as an important KYC document for several purposes. It signifies vital information of an Indian citizen which includes the full name of the person, address,
With the Supreme Court’s verdict, it is now mandatory to link Aadhaar card with Permanent Account Number (PAN) card to file and process Income Tax Returns (ITR), to apply for a new PAN card and to avail several subsidies from both the State and the Central Governments. This stands the same in the cases
How to Apply for Instant PAN Card Using Aadhaar
This year income tax department has generated a facility where one can apply for instant PAN if done through Aadhaar. This is an absolutely a free facility, and this can be availed by anyone in the Income Tax official website. A paperless procedure, Aadhaar card will be issued through e-PAN system where the e-PAN
