New Delhi: The income tax department has issued a fresh reminder to taxpayers in India. The department has urged the taxpayers to link their PAN with Aadhaar by May 31, 2024, to avoid tax deductions at a higher rate. According to income tax rules, if a Permanent Account Number (PAN) is not linked with a […]
New Delhi: State-owned Life Insurance Corporation of India (LIC) has advised its shareholders to update their bank details and Permanent Account Number (PAN) before July 19 to be eligible for tax deductions on dividend. “In order to enable us to determine the appropriate tax rate at which tax has to be deducted at source under the […]
New Delhi: PAN cards are not exclusively issued to adults; minors may also receive PAN cards for specific uses. According to Section 160 of the Income Tax Act, which states that there is no minimum age requirement to obtain a PAN card, minors are eligible to apply for one. A minor below five is also […]
Income Tax Refund: In today’s digital age, checking your tax refund status has never been easier. With just your PAN card, you can quickly and efficiently track the status of your tax refund online from the comfort of your home or office. Meanwhile, the process of receiving a refund can often be confusing, especially when […]
New Delhi: A fake SMS warning customers that their India Post Payments Bank account will be blocked within 24 hours unless they update their PAN card is making the rounds on social media. The Press Information Bureau (PIB) Fact Check unit has confirmed that this message is not genuine and is falsely claiming to be […]
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