News for 'Permanent Account Number'

Bengal Guv, NHRC, NCW teams meet Murshidabad victims as TMC fumes

Bengal Guv, NHRC, NCW teams meet Murshidabad victims as TMC fumes

Rediff.com19 Apr 2025

A delegation of the National Commission for Women (NCW), led by its chairman Vijaya Rahatkar, met with riot-affected women in Murshidabad district of West Bengal, assuring them of safety and demanding an NIA probe into the recent communal clashes. The women narrated their harrowing experiences and demanded permanent BSF camps in select areas of the district. The NCW team also visited relief camps in Malda district and assessed the condition of women affected by the violence.

NRIs yet to fully warm up to GIFT City's higher FPI limits

NRIs yet to fully warm up to GIFT City's higher FPI limits

Rediff.com20 Sep 2024

The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.

Sri Lankan navy arrests 32 Indian fishermen, seizes 5 boats

Sri Lankan navy arrests 32 Indian fishermen, seizes 5 boats

Rediff.com23 Feb 2025

The Sri Lankan Navy has arrested 32 Indian fishermen and seized five fishing boats for allegedly venturing into the island nation's territorial waters. This incident is the latest in a series of arrests of Indian fishermen by the Sri Lankan Navy for alleged illegal fishing activities. The issue of fishermen is a contentious one in the relationship between India and Sri Lanka, with past incidents involving firing at fishermen and seizures of boats. This latest incident follows an earlier arrest of 10 Indian fishermen earlier this month and an incident in January where five Indian fishermen were injured after the Sri Lankan Navy fired on them. India has expressed its displeasure regarding the use of force by Sri Lanka.

How To Verify Fake Tax Notices

How To Verify Fake Tax Notices

Rediff.com21 May 2024

Income Tax department's online tool empowers you to verify any notice or order you receive. This free service is available to everyone, regardless of whether you're registered on the e-filing portal.

Why Do We Believe Israel, And Not Iran?

Why Do We Believe Israel, And Not Iran?

Rediff.com20 Jun 2025

At the end of the day, for many worldwide, the ongoing mutual attacks between Israel and Iran would seem a contest devoid of any moral high ground and only a bout between two ordinary adversaries, one that nevertheless risks spinning out of control into a larger conflagration, notes Shyam G Menon.

Time To Embrace Inclusive Nationalism

Time To Embrace Inclusive Nationalism

Rediff.com7 Jun 2025

'It is important India to stay focussed on its primary national objectives: Combating terrorism; not losing sight of other security and strategic concerns (on the Sino-Indian front for instance); ensuring a strong economy and registering growth which includes improving the lot of common people; and finally making certain that the social fabric remains intact and harmony among people is not jeopardised, at least any further,' asserts Nilanjan Mukhopadhyay.

Waqf Bill brazen assault on Constitution: Sonia Gandhi

Waqf Bill brazen assault on Constitution: Sonia Gandhi

Rediff.com3 Apr 2025

Congress Parliamentary Party chairperson Sonia Gandhi has criticized the Waqf (Amendment) Bill, calling it a 'brazen assault' on the Constitution and part of the BJP's strategy to keep society in a 'permanent state of polarization.' She also spoke out against the One Nation, One Election Bill, calling it a 'subversion of the Constitution.' Gandhi further accused the Modi government of ignoring the women's reservation bill and other demands for reservation, and of 'dragging the country into an abyss' where the Constitution will only exist on paper. She also criticized the government for limiting the speaking time of the Leader of the Opposition in Parliament and for not allowing discussions on important issues like the working of the defense and external affairs ministries and the challenges posed by China on the border.

Do You Need To Get A New PAN Card?

Do You Need To Get A New PAN Card?

Rediff.com29 Nov 2024

First things first: For those wondering if they need to reapply, the answer is no.

Unclaimed insurance funds higher in agent-sold policies: Analysts

Unclaimed insurance funds higher in agent-sold policies: Analysts

Rediff.com4 Mar 2024

The unclaimed funds within the life insurance sector are higher from policies sold by agents as against other channels like bancassurance or a digital platform, said analysts and officials from insurance companies. Unclaimed life insurance funds refer to the proceeds of insurance policies including death or survival benefits not claimed by the beneficiary or the policyholder. Bancassurance means selling an insurance product through banks.

Sebi asks investors to link PAN with Aadhaar by March 31

Sebi asks investors to link PAN with Aadhaar by March 31

Rediff.com8 Mar 2023

Capital markets regulator Sebi on Wednesday asked all investors to link their PAN with Aadhaar number by March-end for continual and smooth transactions in the securities market. The non-compliance with this would be considered non-KYC compliant, and there could be restrictions on securities and other transactions until the Permanent Account Number (PAN) and Aadhaar are linked, Sebi said in a statement.

In a first, India's unique investor count tops 80 million: NSE data

In a first, India's unique investor count tops 80 million: NSE data

Rediff.com29 Sep 2023

The total number of unique investors directly investing in the stock market has surged to 80 million for the first time, with the latest 10 million additions taking place in just eight months, according to data shared by the National Stock Exchange (NSE), the country's largest bourse. "The 80 million unique PAN (permanent account number) investors correspond approximately to around 50 million unique households in India amounting to around 17 per cent households directly investing in the Indian stock market via NSE's extensive nationwide network of trading members," said the exchange. In 2021, the number of domestic households were pegged at 300 million.

Markets Choppy? Don't Worry. You Can Still Make Money

Markets Choppy? Don't Worry. You Can Still Make Money

Rediff.com30 Apr 2025

If you redeem your investments when prices have fallen sharply, you will be selling at low prices and may make a permanent loss. On the other hand, if you remain patient and remain invested, you give your investment the time to recover, says Dwaipayan Bose

What Is Form 26AS?

What Is Form 26AS?

Rediff.com31 May 2024

Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department.

Why Was Your Health Claim Rejected?

Why Was Your Health Claim Rejected?

Rediff.com8 Jan 2025

Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.

SC collegium recommends Justice Varma's transfer; lawyers to go on strike

SC collegium recommends Justice Varma's transfer; lawyers to go on strike

Rediff.com24 Mar 2025

The Supreme Court collegium has confirmed the transfer of Delhi High Court Justice Yashwant Varma to his parent Allahabad High Court. This decision comes after an inquiry was initiated against Justice Varma regarding the alleged discovery of a large amount of cash at his official residence. The transfer recommendation was made public in a resolution uploaded on the Supreme Court's website. The alleged cash discovery occurred following a fire at Varma's residence in Delhi on March 14, 2025. The apex court collegium, headed by Chief Justice Sanjiv Khanna, has also constituted a three-member inquiry committee to further investigate the matter.

Musk reinstates Donald Trump's Twitter account after poll

Musk reinstates Donald Trump's Twitter account after poll

Rediff.com20 Nov 2022

'The people have spoken. Trump will be reinstated. Vox Populi, Vox Dei,' Musk tweeted on Saturday.

Right to Privacy: Aadhaar seeding in bank accounts in peril

Right to Privacy: Aadhaar seeding in bank accounts in peril

Rediff.com25 Aug 2017

According to a legal expert, the clause of 'reasonable restriction' could still mean the government can make Aadhaar mandatory for monetary transactions and therefore, for banking.

FinMin plans 100% I-T e-refunds

FinMin plans 100% I-T e-refunds

Rediff.com18 Mar 2013

Tax department plans to link PAN with the bank account number to eliminate the scope of the amount being transferred to a wrong account number.

Kesari 2: What *Really* Happened

Kesari 2: What *Really* Happened

Rediff.com16 Apr 2025

The grilling of Brigadier-General Dyer by Akshay Kumar's Sir C Sankaran Nair, as shown in Kesari 2, is purely an imaginary sequence, proves Utkarsh Mishra.

Market structure to face shorter IPO timeline test: Industry players

Market structure to face shorter IPO timeline test: Industry players

Rediff.com18 Aug 2023

The shift to a shorter T+3 settlement cycle for initial public offerings (IPOs) will be a big test of the domestic market structure, requiring players in the ecosystem to work harder to meet the squeezed timelines, according to industry insiders. The Securities and Exchange Board of India (Sebi), has announced that the transition to the T+3 cycle will be voluntary starting next month and mandatory from December 1. The new mechanism will necessitate quicker confirmations from banks and speedy verification of permanent account numbers (PANs) for all applicants.

ICC looking to be permanent member of Olympic Movement: Greg Barclay

ICC looking to be permanent member of Olympic Movement: Greg Barclay

Rediff.com16 Oct 2023

The International Cricket Council (ICC) is looking to become a permanent member of the Olympic Movement following the inclusion of T20 cricket in the programme of 2028 Olympics, its chairman Greg Barclay said on Monday.

EPFO to roll out universal A/C nos, calls for clean up act

EPFO to roll out universal A/C nos, calls for clean up act

Rediff.com26 Feb 2014

Employees Provident Fund Organisation is likely to issue permanent account numbers to employees.

'America is back': White House website changes

'America is back': White House website changes

Rediff.com21 Jan 2025

The White House website had a new look with the bold banner headline 'America is back' seconds after Trump was sworn in as the 47th President of the United States on Monday.

Several unauthorised entities stopped from giving PAN card services

Several unauthorised entities stopped from giving PAN card services

Rediff.com18 Jan 2024

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.

PAN to be invalid if not linked with Aadhaar by March 2023

PAN to be invalid if not linked with Aadhaar by March 2023

Rediff.com24 Dec 2022

The Income Tax department Saturday issued an advisory that those permanent account numbers (PAN) which are not linked with Aadhaar by the end of March next year will be rendered "inoperative". "What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory. "As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative," it said.

Changes that can make 'Aadhaar' a foolproof identity

Changes that can make 'Aadhaar' a foolproof identity

Rediff.com25 Mar 2014

The government has started linking Aadhaar numbers to various social security schemes and bank accounts.

Non-resident taxpayers can now manually file Form 10F till March 31

Non-resident taxpayers can now manually file Form 10F till March 31

Rediff.com14 Dec 2022

The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate. The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS). However, taxpayers faced problems in electronic filing of the form as the income tax portal did not allow a taxpayer who does not have a Permanent Account Number (PAN) to file Form 10F.

Tax norms for charitable trusts get stricter

Tax norms for charitable trusts get stricter

Rediff.com4 Jul 2023

The income-tax (I-T) authorities have tightened disclosure norms for charitable trusts. They now have to declare the nature of their activities from October 1 for tax purposes. The Central Board of Direct Taxes (CBDT) has notified changes in reporting rules where the charitable institutions have to mention whether the activities undertaken are charitable, religious, or both to claim tax benefits.

File tax return in mid-June, once all necessary info is available

File tax return in mid-June, once all necessary info is available

Rediff.com7 May 2024

Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed. Early filing allows revisions without penalties.

Aadhaar must for filing IT returns from July 1: CBDT

Aadhaar must for filing IT returns from July 1: CBDT

Rediff.com10 Jun 2017

I-T said that the Supreme Court on Friday had only given a "partial relief" to those who do not have an Aadhaar.

E-facility to link your Aadhaar with PAN soon

E-facility to link your Aadhaar with PAN soon

Rediff.com11 May 2017

The OTP will be sent on the registered mobile number and email of the individual

Bourses step up scrutiny of investors from Sikkim

Bourses step up scrutiny of investors from Sikkim

Rediff.com10 Aug 2022

Stock exchanges have increased scrutiny of investors domiciled in Sikkim, following reports of illegal routing of investments through the Northeast state to evade taxes. The National Stock Exchange (NSE) has directed its trading members (brokers) to re-verify and certify investors who have declared their permanent address as Sikkim. Further, brokers have been told to maintain a vigil on the location of devices used by Sikkim-based clients for trading to ensure these are genuine investors from the region.

Insurance: How You Can Lose Money

Insurance: How You Can Lose Money

Rediff.com22 Mar 2024

In numerous instances, family members are unaware of an insurance policy's existence, let alone its details.

Delay in filing income tax returns may hurt your financials

Delay in filing income tax returns may hurt your financials

Rediff.com22 Jul 2014

It is always adivsable to file income tax returns on time.

Deadline to link PAN with Aadhaar extended to Sep 30

Deadline to link PAN with Aadhaar extended to Sep 30

Rediff.com31 Mar 2019

In June last year, the government had said that PAN has to be linked with the biometric ID by March 31.

I-T laws that complicate your life

I-T laws that complicate your life

Rediff.com9 Jun 2014

Many direct taxation rules lack clarity and the rulings on these also differ from case to case.

Why Satya Continues To Sting And Sing

Why Satya Continues To Sting And Sing

Rediff.com19 Feb 2025

While Satya's pleasures are palpable -- among them the poetry of the coarse language, the mercifully rough-hewn texture, the oh-so-familiar underdog story -- these pleasures hit you at a completely different speed. The movie is charged with a sense of discovery, and every shot is a cornucopia of details existing independent of the main story. It's touching, notes Sreehari Nair.

HC junks Twitter's plea against govt's account blocking orders

HC junks Twitter's plea against govt's account blocking orders

Rediff.com1 Jul 2023

The single-judge bench of Justice Krishna S Dixit which dictated the operative portion of the judgement also imposed a cost of Rs 50 lakh on Twitter and ordered it to be paid to the Karnataka State Legal Services Authority within 45 days.