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Applicants for PAN are required to provide the AO code in their application. This information can be obtained from the Income Tax Office. Applicants may search their AO Codes on the basis of description wherever provided as NSDL provides very useful way to find out their AO Code .Just Follow following steps First Step : ...
Every non-resident individual or organisation should obtain a Permanent Account Number (PAN) number if they receive an income and need to file returns in India.Reaseds were already told why Non-Resident required to obtain PAN ?. Even otherwise , Not Having PAN Can Be Real Pain For Non Resident & Persons Having Income below taxable Limit!...
It may just happen that you are alloted more than one PAN and having duplicate PAN and not reporting it is punishable under I t Act for penalty of Rs 10,000 under Sec 272 (b) of the Income Tax Act. So what should be done in case you are having more than one. Step 1: Download and fill...
Non residents are generally charged @ 10 % of tax because of either the relief given to them under I T Act or because of double taxation avoidance agreement with the country of which they are tax residents or citizen.However, form 1/04/2010 , it is provided under Income Tax Act (Section 206AA )
The facilities to get the PAN has extended . UTITSL and NSDL are providing facilities for allotment of PAN. The Federal Bank has now jumped to this and providing the same fascilities. According to its website , this facilities are not restricted to its existing customer , but even non cutomer can avail the facilities
Deduction u/s 80D of the Income Tax Act provides relief to tax payer by allowing a deduction in … [Read More...]
Form 15G or 15H are declaration for individual residents and HUF that they have neither taxable … [Read More...]
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