« Top Headlines » Open DEMAT Account in 24 hrs  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing  Section 80DDB tax benefits for specified illnesses: 5 things to know  Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal «  Taxman likely to get teeth to hound evader’s property ... SC riders on tax rebate for foreign institutes ... » CBDT clarifies on issuance of PAN to FIIs May, 27th 2008 The Central Board of Direct Taxes (CBDT) on Friday clarified that there is no truth in media reports which said one of the reasons for the decline in FII investments is the alleged delay in issue of permanent account number (PAN) or PAN cards to FIIs by the income tax department. The allotment and issue of PAN cards is carried out by the Income Tax department in partnership with UTITSL and NSDL. During 2007-08, UTITSL received 100 applications from FIIs for new PAN cards and all these were issued within 15 days. The average time taken was 15 days. As on 31.3.2008, there were no pending applications for new PAN cards, said CBDT. According to the board, during the same period, NSDL received 558 applications from FIIs for new PAN cards, out of which 81% were issued within 15 days and 13% were issued between 16 to 30 days.