First things first: For those wondering if they need to reapply, the answer is no.
The Bombay high court has passed an ex-parte interim order restraining several entities from operating websites etc claiming to provide PAN card services on behalf of the government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) and noted such an act poses a "national level threat". A single bench of Justice Bharati Dangre, in its order of January 12, said the Union government has made it mandatory for PAN card holders to link the same to their Aadhar Card, which is an acceptable proof of identification. Therefore, any potential misuse of the licence/ authorization to issue PAN cards would be highly detrimental not only to the interest of the company but also to national interest, the HC said.
All the new income tax payers in the country will soon begin to get biometric Permanent Account Number (PAN) cards with enhanced security features like fingerprints or retinal scans.
Finance Minister P Chidambaram has announced that soon biometric PAN cards may be issued to reduce chances of duplication and to ensure better tax compliance.
Printing of Permanent Account Numbers for Income Tax payers have been outsourced to various agencies, Rajya Sabha was told on Tuesday.
The government has decided to issue biometric PAN (Permanent Account Number) cards to taxpayers across the country to weed out the problem of duplicate and fake ones.
In a major counter-terror operation spanning three states, the Delhi Police has dismantled a Lashkar-e-Taiba (LeT) module comprising eight operatives, including seven Bangladeshi nationals who had illegally entered India and procured forged identity documents, an official said on Sunday.
Electors in the upcoming Brihanmumbai Municipal Corporation (BMC) polls will be required to present either a voter photo ID card or any one of the 12 alternative identity documents approved by the State Election Commission to cast their vote, officials said.
Cholamandalam Distribution Services Ltd on Wednesday said it has entered into a tie-up with UTI Investor Services Ltd to process IT PAN number applications in the country.
It is aimed at curbing the menace of fake or duplicate PAN cards which are allotted by I-T department to taxpayers.
Four tourists from Karnataka were found dead in a dharmshala room in Nalanda district, Bihar. Police are investigating the incident and have recovered sleeping pills and other belongings from the scene.
The PAN card -- mandatory to be quoted for all financial transactions in the country -- is vying for a coveted public administration award conferred by the prime minister.
The government has made PAN card mandatory from January 1.
"Delays, if any, in issuance of PAN cards take place usually due to incomplete documentation by applicants," Central Board of Direct Taxes (CBDT) spokesman Shishir Jha said reacting to a story which appeared in a Delhi newspaper that suggested such decline in FII investments was due to delays in issuing PAN cards.
To validate and continue using the existing PAN cards, citizens will have to link them to Aadhaar. Or else, they will be permitted to use Aadhaar instead for filing returns and while making other high-value transactions, specified under the Income Tax Act.
That he was, on that date, just 56 days old gives the whole 'catch them young' cliche a whole new definition.
PAN is a 10-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department of India.
The AG said that due to Aadhaar, government has saved over Rs 50,000 crore on the schemes to benefit the poor as well as the pension schemes.
"There is progress on biometric PAN cards. Features have been finalised, what biometric measure will be used in the PAN card is being identified," he said when asked about the progress on government's proposal last year to introduce biometric PAN cards. He said the bids would soon be invited by the Central Board of Direct Taxes in this regard to issue PAN cards with biometric features.
The government on Tuesday warned the estimated 13 lakh (1.3 million) duplicate Permanent Account Number card holders of a penalty of Rs 10,000 if they do not surrender these by the December 31 deadline.
The government will soon launch a facility under which a Permanent Account Number card will be issued within 48 hours of applying.
The government has made pan card mandatory for all transactions above Rs 1 lakh.
I-T dept to outsource PAN card allotment
Verification process to be made robust after detection of frauds
Two Delhi-based traders were arrested in Hapur after attempting to cremate a mannequin instead of a human body to fraudulently claim insurance money. The scheme involved using the identity of an employee's brother to obtain a life insurance policy and then staging his death.
Risk assessment platforms are increasingly using diverse data sources to help lenders identify groups attempting to access credit from regulated entities and to improve the process of evaluating new-to-credit (NTC) users.
A grocery store owner in Bulandshahr alleges his PAN card was misused to set up six companies in Delhi after receiving an Income Tax notice for sales exceeding Rs 141 crore.
State Bank of India has embarked on a drive to cut the Know Your Customer (KYC) process to a single one across its branches, a top official said on Tuesday.
The money that was allegedly siphoned by fraudsters from Trinamool Congress MP Kalyan Banerjee's dormant account with a nationalised bank earlier this week has been credited back to him by the bank authorities, the politician said.
With the Congress coming third overall and having done much better than Shiv Sena-UBT and NCP-SP, its allies in Maha Vikas Aghadi, political analysts said it will force a rethink as far as coordination, seat-sharing and leadership are concerned ahead of the 2029 assembly polls.
The Bombay High Court ruled that possessing documents like Aadhaar, PAN, or voter ID does not automatically grant Indian citizenship, emphasizing the importance of the Citizenship Act of 1955.
The Supreme Court ensured a widow received compensation 23 years after her husband's death in a train accident, highlighting the court's commitment to justice for the poor.
The bench also sought a report about an inquiry made on the issue.
Mamata said at Nagrakata in Jalpaiguri district that the losses occurred owing to rainwater flowing down from Bhutan through various rivers.
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