Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: ACCOUNTING STANDARDS :: VAT Audit
 
 
News Headlines »
 Reforming the income tax tribunal
 How the new system might impact consumers and businesses
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months

PAN relief soon for MF investors
January, 25th 2007
The Association of Mutual Funds in India (Amfi) and CDSL Ventures (CVL) are working on a finance ministry proposal to make use of the permanent account number (PAN) as the mutual fund identification number (MIN). The MIN is mandatory for investments above Rs 50,000. 
 
The ministry is learned to have written to the Securities and Exchange Board of India (Sebi) and Amfi over the issue, as the latter is facing criticism from a section of investors and distributors for introducing the investor identification norms in a hurried manner. 
 
CVL is making changes in the MIN allotment procedure and is likely to do away with scanning of certified documents at the point of service (Pos) centres. Now, it plans to scan documents at its centralised data centre instead of the PoS. The change is expected to speed up the procedure. 
 
The ministry has advised whether the PAN could be used as a code number for issuing the MIN. We are exploring possibilities of its implementation," Amfi chairman A P Kurian said. 
 
CVL chief executive officer Cyrus Khambata said : "The proposal means the MIN would feature the PAN number and those who don't have a PAN would be allotted new numbers." 
 
However, investors have to submit identity proofs and income details. 
 
Meanwhile, distributors are facing issues in the MIN allotment. Following the huge number of applications received, it's taking more than a week to get the number," said a top distributor.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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