PAN Current Affairs, GK & News
On March 31, 2020, the Government of India passed an ordinance to allow 100% exemption on donations made on PM Cares Funds. The ordinance has also extended the time limit of direct and indirect tax filings to June 30, 2020. Key Features on Direct Taxes The last date for filing Income Tax returns has been ..
Category: Economy & Banking Current Affairs
The Supreme Court has upheld the section 139AA of the Income Tax Act and said that linking of PAN with Aadhaar is mandatory for the filing of Income Tax returns. The Supreme Court made these observations while hearing an appeal filed by the Centre against a Delhi High Court order allowing two people, Shreya Sen and ..
Category: Legal & Constitution Current Affairs
The Supreme Court has upheld the government’s decision and ruled that it would be mandatory for all Aadhaar holders to link it with the permanent account number (PAN) for filing of income tax returns. However, in a partial setback to the government, the apex court refused to make it compulsory for those people who do not possess ..
Month: Current Affairs - June, 2017
Union Government has made Permanent Account Number (PAN) mandatory for private firms seeking central excise registration. As per the new rules, the PAN registration will now be given within two days of filing online applications to improve the ease in doing business in manufacturing. In this regard Union Finance Ministry has issued an order that ..
Month: Current Affairs - May, 2015
Union Government has launched a single window government-to-business (G2B) portal- e-Biz (www.ebiz.gov.in) for 11 Central government services to bring transparency and ease of doing business in the country. The portal was unveiled to public by Union Finance Minister Arun Jaitley in New Delhi. Key facts It is government’s approach aimed at improving India’s ranking in ..