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    Income tax is a type of tax that the Union government charges on the income earned during a financial year by the individuals and businesses. Taxes are a major source of revenue for the government. The government utilizes this revenue for developing infrastructure, providing healthcare, education, subsidy and other government welfare schemes. Taxes are mainly of two types, direct taxes and indirect form of taxes. Tax levied directly on the income earned is called as direct tax, for example Income tax is a direct tax. The tax calculation is based on the income slab rates applicable during that financial year. Everyone who earns or gets an income in India is subject to income tax. The Income Tax Act includes all the provisions that govern the country's taxation. Every year, the Finance Minister presents a budget in February. The Union Budget brings in various amendments to the Income Tax Act. The most recent Union Budget presented by the current Finance Minister included the introduction of a new tax regime. Apart from the Income Tax Act, the other components of the income tax law are income tax rules, circulars, notifications and case laws. All of these help in the implementation of income tax law and collection of taxes. More

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    • What if your PAN is made inoperative? Fixes and penalties detailed

      If you failed to meet the deadline for linking your PAN to Aadhaar, here's what it can do to your money—and how you can fix it now.

    • PAN card explained: Answers to 20 key questions about your financial ID

      Your Permanent Account Number is the key to banking, tax return, and financial identity—here's the lowdown.

    • Protean eGov shares slump 20 percent on not being shortlisted by tax department for PAN 2.0 project

      The company had participated in the RFP bid proposal for the project which was for technology revamp, including Design, Development, Implementation, Operations and Maintenance of PAN systems at the Income Tax Department.

    • How to cancel PAN card of a deceased family member: Step-by-step guide

      Surrendering a PAN card in the proper manner after a person's death can prevent its misuse and help settle tax issues smoothly.

    • Need to link your Aadhaar and PAN? Here’s how to do it easily online

      Linking your Aadhaar with your PAN is mandatory to keep your PAN active—this guide explains how to complete the process step-by-step.

    • ChatGPT can now generate fake Aadhaar, PAN cards: A new cybercrime concern?

      Recently, some enthusiastic social media users discovered that by crafting effective prompts, they can easily generate counterfeit documents like Aadhar and PAN card. Several users have shared images of these forged documents on the social media platform X.

    • Vijay Sethupathi urges government to add Tamil language on Pan Card website

      Vijay Sethupathi has appealed to the government to add Tamil as a language option on the PAN card website. Currently, the site offers information only in English and Hindi, creating a barrier for Tamil speakers who are not proficient in those languages, hindering their access to crucial financial details.

    • What is PAN 2.0, do you need a new card and other questions answered

      The Cabinet Committee on Economic Affairs has given its nod to a Rs 1,435-crore PAN 2.0 project to streamline and digitise PAN services. Here is what you need to know

    • Govt issues FAQs on PAN 2.0; says QR code not a new feature

      PAN holders with a version of the card that does not have QR code can exercise the option of applying for a new card with QR code in existing PAN 1.0 ecosystem as well as in the PAN 2.0. Roll-out likely in 2025 itself.

    • PAN 2 0 Explained Key changes, who should apply, and more; All you need to know

      The Cabinet has approved the PAN 2.0 initiative, a ₹1,435 crore project aimed at modernising India’s tax administration. This upgrade will streamline taxpayer registration and verification processes through a fully paperless and secure digital system. PAN 2.0 introduces features such as QR codes for easier access and ensures faster, eco-friendly services. Existing PAN cards remain valid, and the upgrade will be free of cost. The initiative aligns with the Digital India vision, enhancing efficiency . Watch here for more details - .

    • PAN Card Update Online: How to change name, address, mobile number, and DOB; steps to follow

      You have the option to update PAN card details online through either the NSDL e-Gov website or the UTIITSL website.

    • Lost PAN card: A step-by-step guide on how to apply for a duplicate card and all other important details

      If a PAN card is lost, individuals do not need to obtain a new PAN. Instead, they can apply for a duplicate PAN card through the income tax department.

    • More than 11 crore PAN still not linked with Aadhaar

      For people alotted a PAN on or before July 1, 2017, it was mandatory to link it with Aadhaar by June 30, 2023, failing which the PAN became inoperative.

    • Gems, jewellery industry urges govt for duty reduction, increase PAN card transaction limit

      "The jewellery industry contributes nearly 7 per cent of India's GDP and hence, deserves a pro-business environment," apex body for the gems and jewellery industry All India Gem And Jewellery Domestic Council Chairman Saiyam Mehra told PTI.

    • Foreign cos without PAN can open bank a/cs in IFSC-Gift City

      The Finance Ministry has amended Income Tax Rules exempting non-residents opening a bank account from the requirement of submitting PAN.

    • Inoperative PAN is not inactive PAN, clarifies I-T Dept amid concerns on ITR filing

      The inoperative PANs, however, will lead to higher deduction of TDS and higher levy of TCS, the taxation body said, adding that pending refunds and interest on ITRs will not be issued.

    • Inoperative PAN cards distress NRIs

      Since July, NRIs have faced difficulty in processing mutual fund systematic investment plans (SIPs) and in filing their IT returns and claiming tax refunds.

    • PAN-Aadhaar link fee challan: Income tax department clears air on payment confusion

      PAN-Aadhaar link fee challan: If an individual fails to link their Aadhaar and PAN by June 30, 2022 and wishes to link it at a later date, then he/she can inform the tax authorities, and after payment of penalty, the two can be linked.

    • Pan-Aadhaar link deadline: Will the June 30 date be extended for taxpayers?

      Pan-Aadhaar Link Deadline: Taxpayers will face a number of implications for missing today's deadline for linking their PAN with Aadhaar. These include missing returns, missing refunds, missing proceedings in case of defective returns and a higher tax rate.

    • PAN-Aadhaar linking deadline extended till June 30

      The extension comes shortly before the current deadline was set to expire on March 31.

    • How to link your PAN and Aadhaar card online in 10 simple steps

      Linking your PAN and Aadhaar cards from your smartphone, laptop or tablet is a straightforward process that can be completed in a few simple steps.

    • How to check if your PAN is linked with Aadhaar

      The linking of PAN and Aadhaar has been made mandatory with March 31, 2023 set as the deadline to do so. Here is how you can check your PAN-Aadhaar status.

    • Congress MP Adhir Ranjan Chowdhury requests PM Modi to extend deadline for PAN-Aadhar linking

      He emphasised the fact that majority of Indians live in extreme remote corners of the country where internet facilities are scarce while adding that "unscrupulous touts have started extorting money stating as their fees from these innocent citizens of rural India".

    • Budget 2023: PAN card gets legal backing as single business ID

      It will allow businesses to use PAN to enter into national single window system to seek different clearances and approvals of the central and state departments.

    • Budget 2023: PAN card likely to get legal backing as single business ID

      PAN card in Budget 2023: The government is mulling rolling out the legal and operational framework for the adoption of the PAN number.

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