« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Rates)  How can Form 15G & Form 15H save TDS on interest income?  How are e-filing and e-payment of taxes different? Know details here  Income Tax return (ITR) filing 2024: What is Form 16, when is issue date and why is it crucial? Explained  Step-by-Step Guide To File Income Tax Return FY 2023-24  Income-tax filing: Should you file your returns in April or wait until July 31?  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues «  Merger: UWB board to meet again on Sept 26... I-T sees black money in Punjab`s realty... » Got an extra PAN card? Now get an I-T letter September, 21st 2006 The central board of direct taxes (CBDT) has said it was writing letters to persons who have more than one permanent account number (PAN) card, asking them to surrender their additional cards. CBDT spokesperson AK Sinha said there were 13 lakh duplicate PAN cards issued in the country. To a question, he said no decision has been taken on taxing interest earned from deposits in provident funds schemes. Meanwhile, Advance tax paid by corporates and individuals rose 32.6% by mid-September underscoring the robust perforamance of the corporates in the second quarter of the fiscal. "The rise in tax collections is mainly due to strong economic activity and general buoyancy in the economy. All sectors are doing well," said Sinha. Corporates pay 30% of their annual tax bill in September, after having deposited 15 percent in June. They pay another 30% in December and remaining 25% in March. The government and private forecasters expect Asias fourth-largest economy to grow around 8% in March 2007, with stroturing and service sectors driving activity.