Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: due date for vat payment :: VAT Audit :: empanelment :: cpt :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 Income tax returns (ITR) filing guide: 10 excellent tax-saving options other than Section 80C to save money
 TDS Rate Chart for AY 2018-19
 Last date to submit third installment of advance tax is December 15
 5 tax-saving funds that have given stellar returns in the past 5 years
 Find out which ITR Form is suitable for you
  Pr CIT vs. Baisetty Revathi (Andhra Pradesh High Court)
 What is income tax?
 Refund procedure initiated under GST
 Income tax returns (ITR) filing: How to get capital gains tax benefits on assets in own name
 7 avenues to help you save tax under Section 80C of Income Tax Act
 How to make income tax law less taxing

Lakhs of duplicate PAN cards in Madhya Pradesh
October, 25th 2006
Last year, all offices of the Income Tax Department were networked and a different software used to network them.
 
The D-PAN software enabled the department found some people in Indore who have been issued PAN cards more than once. Such cases were detected not just in Indore but also in Bhopal and other places too.
 
Now, the department has issued notices to such people who have been issued multiple PAN cards to deposit their duplicate cards with the authorities concerned failing which the card holders concerned will have to pay a fine of Rs 10,000.
 
PAN card issue system introduced by the Income Tax Department in 1998, had a photograph of the Income Tax payee. The cards were earlier issued from Mumbai, hence it took a long time for it to be issued.
 
Meanwhile, the applicants often sent reminders for the PAN cards. From 2001 the cards were issued locally, and the applicants needed to submit their applications to the local office of the department.
 
Those who could not get the cards from Mumbai office, tried to obtain them immediately from the local office as it was mandatory to quote PAN on the IT return forms from 2003. The local office issued PAN cards swiftly.
 
Meanwhile, the Mumbai office too issued cards on the basis of the earlier applications and thus most taxpayers ended up with two cards.
 
According to rules framed recently, a taxpayer must have only one PAN card. In Madhya Pradesh and Chhattisgarh, there are 2.8 lakh taxpayers possessing two PAN cards most of them are residents of Indore, Bhopal, Raipur and other big cities.
 
The number of taxpayers of Madhya Pradesh and Chhattisgarh who have been issued PAN cards number around 25 lakh.
 
The local office at Indore has refused to divulge the information on the number of taxpayers with double cards though the last date for cancellation of the extra card has been fixed as December 31. After this date, the formula of one man one card will be enforced.
 
At present, around 13 lakh taxpayers across the country have more than one card. The department started issuing notices to those with extra cards, requesting them to send the cards by post if it was inconvenient for them to reach the Income Tax offices personally.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions