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I-T will 'suo motu' allot PAN to those only furnishing Aadhaar: CBDT chairman

Sunday, July 7, 2019, 6:19 PM

The taxman will "suo motu" allot a fresh PAN to a person who files I-T returns with only Aadhaar as part of a new-arrangement to link the two databases, the CBDT chief said after the Budget proposed that only the biometric ID is enough for tax purposes. Currently, while over 120 Aadhaar-numbers have been issued in the country, about 41-crore PAN-numbers have been generated.
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PAN link to bank accounts must for tax refunds

Friday, March 1, 2019, 7:10 AM

The Income-Tax (I-T) Department will only issue electronic refunds directly into taxpayers' bank accounts from March 1 and they should link PAN with their accounts, according to an official communication. "Link your PAN (permanent account number) with your bank account to get your refund directly, swiftly and securely," the department said in a public advisory issued on Wednesday.
 
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Soon, you could get PAN card in 4 hours

Wednesday, December 5, 2018, 8:33 AM

Now, you may get your PAN card in four hours with the tax department planning a string of reform measures such as pre-filled returns which would need to be endorsed by an assessee and faster processing of returns, a tax official said. He said the returns form has also been simplified and processing of refunds has been frontloaded to facilitate ease of doing business.

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