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Wed, Dec 05 2018. 07 54 AM IST
The Income Tax department has brought in new rules for PAN card from today by making an amendment to Income Tax Rules, 1962. As per the new rules, having a permanent account number is must for all entities doing transactions of over Rs 2.5 lakh in a year. Also, the PAN card application form has been changed.
Mon, Dec 03 2018. 02 00 PM IST
The government has amended Income Tax Rules, 1962, and has inserted new clauses. According to the new rules, having a PAN card is mandatory for all entities doing business of at least Rs 2.5 lakh. The second amendment allows those with single mothers to not mention their father’s name in PAN card application forms.
Thu, Nov 29 2018. 10 35 PM IST
Cohen entered his guilty plea in federal court in Manhattan to one count of making false statements to Congress in an investigation by lawmakers into whether Trump’s campaign worked with Russia to sway the 2016 U.S. election in his favour
Sat, Nov 24 2018. 07 46 PM IST
China’s economic expansion produced an eruption in private wealth across Asia, where almost 2,000 people become millionaires each day. In 2015, the Asia-Pacific region overtook the US in assets held by millionaires
Wed, Nov 21 2018. 04 31 PM IST
The new Income Tax department notification says that individuals like the managing director, director, partner, trustee, author, founder, karta, CEO or office-bearer of such entities should also apply for a PAN card, in case they don’t have one, within 31 May of the next financial year.