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 :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: form 3cd :: cpt :: ACCOUNTING STANDARD :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TDS :: VAT Audit :: empanelment :: articles on VAT and GST in India :: VAT RATES :: list of goods taxed at 4%
 
 
« News Headlines »
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money
 10 Income Tax Rules That Will Change From April. See Details Herea
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return
 Will Aadhaar linkage solve India's income tax woes?
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax

Biometric PAN may be reality next yr
September, 08th 2006
The finance ministry has set up an internal group to finalise the norms for introduction of biometric permanent account numbers (PAN). The ministry is hoping to introduce iris-based biometric PANs to all new applicants from the next financial year. Meanwhile, an extensive media campaign called One Person, One PAN will be launched next week to encourage voluntary surrender of duplicate PANs. The revenue department has so far identified 26 lakh PANs with 13 lakh persons and has already issued around 2.5 lakh letters to these taxpayers. All these taxpayers would be required to contact the assessing officer. The letter will indicate to the taxpayer the permanent account number that should be used. However, in case the taxpayer uses the other PAN he can meet the assessing officer and indicate which of the two numbers they would like to use for all future transactions, an official said. Those who have not yet received the letter from the department but are possess a duplicate PAN would, the media campaign, be asked to approach the department through. The department can be reached either by calling their call centre, Aaykar Sampark Kendra, by logging on to the I-T department website, e-mailing their information to a PAN dedicated website of the I-T or by writing a letter to them, the official said. He said individual taxpayers with duplicate PAN would be required to submit the details of their name, fathers name, date of birth, mailing address, telephone or mobile number, PAN to be surrendered and PAN to be retained. In case of corporates it would be mandatory to provide, in addition to the above details, the date of incorporation. In order to check against frauds, the department has already made it mandatory for taxpayers to give their full name. Initials are no longer accepted. Also the department is now insisting on 100 per cent verification. The I-T department on an average receives 5 lakh applications every month. So far, 4.7 crore PANs have been issued.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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