If you used your Aadhaar Enrolment ID to apply for a PAN before October 1, 2024, it’s now mandatory to update that with your actual Aadhaar number. According to a Gazette notification issued on April 3, 2025, the government has directed all such PAN holders to replace the Aadhaar Enrolment ID with their original Aadhaar … Read more
KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to January 20, 2025. This effort, designed to enhance data security and curb potential misuse, will conceal sensitive KYC information such as Aadhaar, … Read more
भारत में PAN कार्ड हर टैक्सपेयर के लिए अनिवार्य है. दुनियाभर में 2024 में इस डॉक्यूमेंट के साथ सबसे ज्यादा फर्जीवाड़ा करने की कोशिश हुई. एक रिपोर्ट के मुताबिक, दुनियाभर के टैक्स डॉक्यूमेंट्स में से 27.1% फर्जीवाड़े PAN कार्ड के साथ किए गए. अमेरिका की एक फर्म एंट्रस्ट की ‘2025 आइडेंटिटी फ्रॉड रिपोर्ट’ बताती है … Read more
The PAN 2.0 Project, initiated by the Income Tax Department, has been approved by the Cabinet Committee on Economic Affairs (CCEA). This ambitious project aims to digitise and upgrade the management systems for PAN and TAN, making them more accessible and efficient for users. The revamped system is designed to offer enhanced service efficiency, stronger … Read more
Defective ITR: If your income tax return is found defective, the Income Tax Department will notify you of the defect through a notice issued under section 139(9) of the Income Tax Act. This notice will be sent to your registered email address or by post. You can access and view the notice by logging into the … Read more
Nippon India Mutual Fund has revised its subscription limits for Nippon India Small Cap Fund, effective from Friday, i.e., August 16, 2024. Among the new changes, the daily investment limit for new Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) will shift from Rs 50,000 per day per PAN to Rs 50,000 per transaction … Read more
ITR filing 2024: The deadline for individuals to submit their Income Tax Returns (ITR) is July 31, 2024, which is just a little over a month. It is essential to compile and organise pertinent documents such as salary or income records, bank statements, and previous tax returns in preparation for filing. When filing taxes, it … Read more
The Income Tax Department on Tuesday issued a fresh notification to taxpayers to link their Permanent Account Number (PAN) with Aadhaar by May 31, which is this Friday. Posting on X (formerly Twitter), the IT department said that meeting this deadline is important in order to avoid higher tax deductions at source (TDS). The Income … Read more
Mutual fund KYC norms: Capital market regulator SEBI from April 1 brought in fresh regulations for KYC process for mutual fund account holders. Under the new norms, asset management companies (AMCs) will have to update KYCs of mutual fund subscribers with Aadhaar and PAN. This directive is applicable to both new and old mutual fund … Read more
Latest Income Tax department data shows that nearly half of India’s population have got Permanent Account Number (PAN). It stated that the gap between the number of male and female PAN holders still exists, but it is fast closing. As on March 31, 2024, 42.10 crore males have PAN cards vs 31.05 crore females, a … Read more