A PAN card is issued by the income tax department via two agencies- UTIITSL and NSDL-TIN.
To link these two identity cards (PAN and Aadhaar), all you need to do is head to the Income Tax department's e-filing website.
Failing to link your PAN card to Aadhaar might render your PAN card 'inoperative' from October 1 onwards.
Government is now trying to make legal amendments to the Income Tax Act so that the penal provisions for violations related to PAN number can be extended to Aadhaar violations also.
Link your PAN (permanent account number) with your bank account to get your refund directly, swiftly and securely, the department said in a public advisory issued on Wednesday. It added the bank account could be either savings, current, cash or overdraft.
The notification has also made it mandatory for entities that have made financial transactions worth Rs 2.5 lakh or more in a financial year to apply for a PAN card.
Aadhaar is being promoted by the Centre in a big way. Here's how you can get immediate allotment of a permanent account number with your unique identification card.
An authentication is recorded when a citizen submits his Aadhaar number or biometric data for availing a government service, or for linking to an existing service such as a banking for customer authentication.
Changing details on a PAN card can now be done online as well. Here is how to go about it
The policy-making body of the tax department issued an order extending the deadline from the current last date of March 31.
"As per the Supreme Court's order dated 13th March 2018, the requirement of Aadhaar for opening new bank accounts and applying for Tatkal passports under the relevant laws continues," the Unique Identification Authority of India (UIDAI), which issues the 12-digit biometric identifier, said in a late evening tweet.
The five-judge constitution bench headed by CJI Dipak Misra said in its judgment that Aadhaar is still necessary to avail social benefits, services and subsidies.
There was a 300 percent jump in the number of applications for PAN (Permanent Account Number) post demonetisation, the CBDT said on Tuesday.
Some relief coming in for jewellers. Now PAN card and Aadhaar card are not needed for jewellery purchases above Rs 50,000. Watch accompanying video of CNBC-TV18’s Manisha Gupta explaining the impact of this move.
With rapid computerisation, an individual‘s PAN (Permanent Account Number) has become an important document, for many financial and non-financial transactions. It is equally important for buying or selling properties or leasing it out. R
"The industry faced a number of challenges in transitioning to the emerging, structurally transparent system-be it the PAN card requirement, the excise on jewellery, demonetisation or the publicity around income disclosure schemes," said Somasundaram PR, Managing Director, India, World Gold Council.
Jewellery demand in the country also witnessed a sharp decline of 22.4 percent in 2016, at 514 tonne compared to 662.3 tonnes in 2015.
Sadhus and sanyasis can now mention names of their spiritual gurus instead of biological parents under new passport rules announced here today which also eliminate the mandatory requirement of the birth certificate as the proof of date of birth (DOB).
RBI today asked banks to ensure customers submit a copy of PAN card for any cash deposit exceeding Rs 50,000, if it is not already seeded with the account, to ensure tax rule compliance in the wake of the recent decision to abolish Rs 500 and Rs 1,000 notes.
In the country‘s fledgling but growing taxi market, cab aggregators and carpooling companies are increasingly putting in place checks to ensure safety of their customers.
Till now, NRIs could open NPS accounts only through paper applications by approaching Bank offices.
The Income Tax Department has brought out a new form making it mandatory for salaried taxpayers to furnish proof of travel for claiming tax deduction on LTA or LTC.
The introduction of stricter PAN card requirements for purchase of jewellery as well as the ongoing jewellers strike is unlikely to impact Gitanjali Gems in a major way, says Sanjeev Agarwal, CEO of Gitanjali Export Corp.
From January 1, PAN Card has been made mandatory for all transactions above Rs 2 lakh in cash or through card in entire gems and jewellery sector.
The government's decision to lower the PAN card requirement threshold to Rs 2 lakh for jewellery purchases is unlikely to impact Titan's jewellery business, its CFO S Subramaniam told CNBC-TV18.