Pan
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Nirmala Sitharaman announces 25% cut in TDS/TCS for non-salary payments; ITR filing deadline extended
•Finance Minister Nirmala Sitharaman said the reduction in TDS (tax deducted at source)/TCS (tax collected at source) rate would release about Rs 50,000 crore in the hands of people.
Implement 'Work from Home' policy to curb spread of virus infections, advises government to companies
•Companies have been strongly advised to put in place an immediate plan to implement the 'Work from Home' policy as a temporary measure till 31 March.
Voter ID, PAN card, land documents not proof of citizenship, rules Gauhati High Court in two separate judgments
Fp Staff •PAN card, Voters Id, land and bank documents do not constitute proof of citizenship, the Gauhati High Court reiterated while dismissing the citizenship claims of two petitioners.
PAN to become inoperative after 31 March if not linked with Aadhaar, says Income Tax dept; 17.58 crore PANs at risk
•Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by 31 March, 2020, the Income Tax department has said
Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February
•Currently, the ministry has the electronic form SPICe (Simplified Proforma for Incorporating Company Electronically) and that would be replaced with SPICe+.
Instant allotment of e-PAN based on Aadhaar to begin this month, says Revenue Secretary Ajay Bhushan Pandey
•The government this month will roll out a facility to issue online PAN cards instantly on furnishing of Aadhaar details, Revenue Secretary Ajay Bhushan Pandey has said
Central Board of Direct Taxes extends PAN-Aadhaar linking deadline from 31 December to March 2020
•The last date for linking the Permanent Account Number (PAN) with Aadhaar has been extended till March next year, the CBDT said on Monday.
Aadhaar linking case: HC says no to order of linking social media accounts with Aadhaar, PAN
Tech2 News Staff •HC says it would lead to data of genuine account holders going 'unnecessarily' to foreign countries.
Now get reprint of PAN card for just Rs 50 as Income Tax Department makes norms simpler
Fp Staff •A PAN cardholder is able to get a reprint from either of the two agencies, depending on who had originally issued the document.
SIT on black money: Govt should make credit, debit card mandatory to pay bills; move will curb use of unaccounted money
Yatishyadav •Banks and institutions in India are fully geared to usher in a debit or credit card revolution, consumers have also realised the advantages and benefits of using debit or credit cards.