« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  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.