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
Latest Expert Exchange
« News Headlines »
 Here's how taxpayers can revise their ITR filing
 16 LPA-Opening Urgent Opening with BIG 4 Client for Statutory Audit
  When and how to revise tax returns
 How and why to check income tax return (ITR) status
 10 things you need to know about filing your Income Tax Returns
 Here’s what you should know Are you liable to pay advance tax?
 How new property tax law will affect you
 Zero income tax for women
 What to do if you missed income tax return deadline
 Haven’t filed your ITR yet? Now use updated forms to file tax return Income Tax efiling
 File your ITR without Form 16; here is how Income tax returns filing

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 2018 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