Archived; click post to view. Excerpt: Now that CBTD has allowed Non Resident to get a PAN , everyone who is Non resident should get PAN because for most of the financial transaction, PAN is mandatory in India.The circular issued by System wing of CBDT is given belowPAN Circular No. 4 Dated: 11.10.2006 “Following guidelines [...]
Full Story »How Can A Non Resident Get PAN?
How to Change or Make Correction In Allotted PAN?
Archived; click post to view. Excerpt: Whether the old Pan Card is required to be surrendered in case of a women citizen if the PAN remains the same after marriage & only there is a name change.g_karandikar@times.com The PAN is Permanent Account Number. There is no need to change the number allotted to the woman, [...]
Full Story »Is an Non-Resident required to obtain PAN ?
No. Under Rule 114C(1)(b) of I T Rule , The provision of section 139A shall not apply to the Non-Resident. Therefore non-residents are not required to obtain a PAN. Second proviso to Rule 114B states that such person who are not required to have PAN should make declaration in Form 60 for entering into any [...]
Full Story »All you ever wanted to know about PAN!
What is PAN ?This is Permanent Account Number- a unique 10 digit number allotted to each taxpayer for his identification. Section 139A of the I T Act deals with PAN.Why PAN ?The govt. wants to track the expenditure ,investments,payments and receipts so as to keep a tab on potential tax evaders. The system is being
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