pan card

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DEPOSITING OR ENCASHING RS.500/- AND RS.1,000/- NOTES. BEWARE !!! THE INCOME TAX DEPARTMENT IS WATCHING YOU

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As per the IT department, the physical cash circulation in India is Rs 17 lakh crore and out of this,

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Pan applicant details will be verified from 03-02-2014, before the issue of the PAN CARDS – INCOME TAX DEPARTMENT

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Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated 24th January, 2013 Press Release

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The ISSUES the buyer may face to implement this TDS provisions – The rate of 1% may increase to 20% if seller does not provide PAN due to overriding provision of section 206AA of ITA.

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Obtaining TAN number for complying with the provisions; Issuance of TDS certificate to the seller; Filing of TDS return quarterly

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