01 March 2019, Friday

Best Investment Plans for 2019

Saving money is a stepping stone towards funding various life events. The money you save and then invest comes in handy when purchasing a house, vehic ...



21 February 2019, Thursday

Post Office Monthly Income Saving Scheme

Post offices in India offer a few basic banking services. Post Office Monthly Income Scheme or POMIS is a scheme under which individuals earning a fix ...



20 February 2019, Wednesday

What Is The Angel Tax Controversy?

Who is an angel investor? An angel investor invests his own money in an entrepreneurial company. He does this to earn a higher return on his money ...



18 January 2019, Friday

What is EPF?

What is EPF (Employees' Provident Fund) in India? In an EPF, both employee and the employer make a contribution to employee account.  Its ...



09 January 2019, Wednesday

Types Of Taxes In India

What is Tax?  Tax is defined as a charge levied on individuals and organizations, by a Governing authority, to raise funds for development and ...



10 October 2018, Wednesday

5 Things to Know Before Buying Endowment Plan

Endowment plan is a type of Life Insurance Policy which offers not only insurance, but also an opportunity to save regularly and earn returns. Part of ...



08 October 2018, Monday

HUF - Hindu Undivided Family Act And Its Tax Benefits

Hindu Undivided Family (HUF) consists of all persons who have descended from a common ancestor. In o ...



29 September 2018, Saturday

Secured vs Unsecured Loans

Whenever a person is in need of money, the first thing that comes to mind is a loan. There are many banks and financial institutions that give loans d ...



14 September 2018, Friday

EPF Withdrawal Rules 2018

Employees’ Provident Fund (EPF) is a social security scheme for retirement that is available to all salaried employees. It a scheme managed by t ...


Father's name not mandatory for PAN

Monday, September 3, 2018, 9:47 AM

Father's name not mandatory for PAN

The government has proposed to amend rules under the Income Tax Act to ensure that children of single mothers do not face problems in securing a PAN (Permanent Account Number). PAN is compulsory for financial transactions like receiving salary and buying gold above specified limits. In April, IT department recognised transgenders as an independent category of applicants for securing PAN.

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