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: due date for vat payment :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: VAT RATES :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: TDS :: form 3cd
 
 
News Headlines »
 How many times one can revise tax returns?
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?
 Improving tax compliance in India
 How to invest in the new LTCG tax regime
 5 Tips to help you save tax

SEBI extends PAN deadline till December 31
June, 27th 2007
Asks for proof of filing application

The Securities and Exchange Board of India (SEBI) has extended the deadline for investors in mutual funds who do not hold PAN cards up till December 31, this year.

However, the regulator said investors will have to apply for a PAN card and submit proof of the application while filling in the investment form for mutual funds from July 2 onwards.

SEBI has informed this in a letter to The Association of Mutual Funds in India (AMFI).

Earlier, AMFI had asked SEBI to re consider the decision of having a PAN card compulsorily for investments in mutual funds as it would take away a large number of investors from mutual funds.

"From July 2, the investor has to either submit a PAN card number or a proof of application for a PAN card, failing which, he will be unable to invest in mutual funds. SEBI has intimated the same to AMFI," said Mr A.P. Kurian, Chairman, AMFI.

The underlying idea is to make all investors in securities market to get a PAN card.

However, Mr Kurian raised concerns that the same procedure was not uniform across all avenues of investments such as post office deposits, national savings certificates, premia in insurance, among others where only the investor above Rs 50,000 has to get a PAN card.

Mr Kurian said it would take time to educate investors in mutual funds who are now present in small towns also.

"Facilities will also have to be provided in these places to provide a PAN card," he added.

"The momentum of investment may be affected which is a concern," said Mr Kurian.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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