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: cpt :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: articles on VAT and GST in India :: form 3cd :: TDS :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD
 
 
« News Headlines »
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of
 What your income tax says about you

PAN card holders to get MIN waiver
February, 22nd 2007
The prevailing confusion over the mutual fund identification number (MIN) is likely to end soon. 
 
It is likely that all cardholders of PAN, the alpha-numerical number issued by the Income Tax Department, would be exempted from having another identification number in the form of MIN. 
 
However, a MIN would be required for all those investors who do not have a PAN but want to invest more than Rs 50,000 in a mutual fund scheme, sources said. 
 
AMFI chairman A P Kurian said, We will be making an announcement soon this week. The KYC norms will continue. He, however, refused to divulge details. 
 
Earlier, finance minister P Chidambaram, during a visit to Mumbai, had said that PAN would be the core number and MIN will act as a prefix or a suffix to the PAN.CVL, the subsidiary of Central Depository Services, which was issuing the MIN, would upgrade its systems to match the criteria mandated by the ministry. 
 
There is, however, a feeling that the ministry could take up the issue with Sebi and discuss various probabilities, including scrapping of the MIN. 
 
PAN displays the name, date of birth and photograph of the cardholder, while the Income Tax Department has stored all relevant information of the holder. 
 
Upgradation of systems by CVL would involve matching these relevant information and creating a combined data base for meeting know your client norms.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

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