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PAN Card Warning: Avoid ₹10,000 Fine Now
The government has introduced PAN 2.0 to enhance PAN services and eliminate duplicate PAN cards. If you have more than one PAN card, you must surrender the extra one to avoid a fine of up to Rs 10,000. Visit the NSDL or UTIITSL website to submit the form and required documents. Ensure your valid PAN is linked to your Aadhaar and that all your financial details are accurate to avoid any issues.
14-02-2025
Do You Need Pan Card 2.0? Latest Gov't Rules Revealed
A PAN card is a crucial document issued by the Income Tax Department, containing a unique ten-digit alphanumeric number. It's required for various financial activities like joining a job, filing income tax returns, and investing. The new PAN Card 2.0 includes advanced security features like a QR code. Old PAN cards remain valid, and the upgrade is free. New applicants and those updating their details will receive PAN 2.0, which can be applied for online.
29-11-2024
Pan 2.0 - Will you Get a New Pan Card in 2024?
PAN 2.0 is an electronic governance initiative aimed at modernizing India's tax registration system. It unifies all PAN/TAN services onto a single online, paperless portal, and introduces enhanced QR codes for verification. Existing PAN cards remain valid and free to update. New cards will only be issued upon request for modifications. PAN 2.0 also establishes PAN as a ‘Common Business Identifier’ and includes advanced logic to detect duplicate PANs. This project streamlines processes and ensures better service delivery.
15-11-2024
Pan Card Update: New Rules for Pan-Aadhaar Linking
To prevent financial fraud, the central government requires linking PAN with Aadhaar by December 31, 2024. Failure to do so will deactivate your PAN card, affecting tax payments and transactions. A fine of Rs 1,000 is imposed for late linking. Over 2 crore taxpayers have been fined, totaling Rs 2,125 crore. Out of 74 crore PAN holders, 60.5 crore have linked their Aadhaar. Steps to link can be done online via the Income Tax website.
12-11-2024
Last Chance to Connect PAN and Aadhaar Online Now
The Income Tax department requires taxpayers to link their PAN with their Aadhaar Card by December 31, 2024. Failure to do so will deactivate the PAN card, causing transaction issues. This measure aims to prevent financial fraud, as fintech firms were misusing PAN information without authorization. The Ministry of Home Affairs directed this to safeguard personal data. Linking PAN with Aadhaar is mandatory for all taxpayers to avoid financial complications.
29-08-2024
Centre Affirms Transgender Identity Certificate Valid for PAN Applications
The Centre informed the Supreme Court that a 'certificate of identity' issued under the Transgender Persons (Protection of Rights) Act, 2019, will be valid for PAN card applications. The Supreme Court welcomed this development and noted that the Union government might formalize this in rules. This decision addresses issues with PAN cards not previously accommodating a third gender option, unlike Aadhaar cards.
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