A PAN is a unique 10-digit number allocated to every taxpayer. By law, each person can have only ONE PAN Card. So how do you end up more than one PAN Card? There may be any of the following reasons for this: Now, even if it is not reason #3, having more than one PAN card is illegal, and you could invite a penalty of up to Rs. 10,000. So you must hold only one PAN and … [Read more...] about How To Surrender Your (Additional) Pan Card? [Having More Than One PAN Is Illegal]
KYC
How To Check Whether Your PAN CARD Is Valid Or Not
A PAN card is a 10-digit alphanumeric number issued by the Income Tax Department of India to individuals and entities. It is a unique identification number that is used for a variety of financial transactions, such as filing taxes, opening bank accounts, and investing in securities. It is important to check the validity of your PAN card before using it for any financial … [Read more...] about How To Check Whether Your PAN CARD Is Valid Or Not
Invalid PAN Card – What Are The Things You Can’t Do With An Inoperative PAN Card?
An invalid PAN card is a PAN card that is not registered with the Income Tax Department of India. This means that the card is not valid for any official or financial transactions that require a PAN number. Some of the things that you cannot do with an invalid PAN card include: If you have an invalid PAN card, you should contact the Income Tax Department to get it … [Read more...] about Invalid PAN Card – What Are The Things You Can’t Do With An Inoperative PAN Card?
If it’s been 10 years since you got your Aadhar Card, it is now mandatory to update it
Aadhaar is a unique identification number issued by the Indian government to its citizens. The Aadhaar card is a crucial document that serves as a proof of identity and address for various purposes, including opening a bank account, applying for a loan, and even getting a mobile phone connection. As per the latest regulations issued by the government of India, it is now … [Read more...] about If it’s been 10 years since you got your Aadhar Card, it is now mandatory to update it
Pan Card – Pay Attention To THESE Or Else You Will Be Fined Hefty Or Face Legal Consequences!
A PAN (Permanent Account Number) card is a unique, ten-digit alphanumeric identifier issued by the Indian Income Tax Department to all tax-paying entities in India. It serves as a crucial document for financial transactions, as it acts as proof of identity and enables the tracking of an individual's financial activities. Therefore, it is important to ensure the safety and … [Read more...] about Pan Card – Pay Attention To THESE Or Else You Will Be Fined Hefty Or Face Legal Consequences!