Increased PAN applications due to demonetisation and amendments in Rule 114B and Rule 114E. Timely resolution of probable duplicate PAN marked by system
Income Tax is gearing up of the PAN services due to sharp increase in PAN Applications after the recall of high denomination bank notes and and requirements for quoting of PAN in recent amendments in Rule 114B and Rule 114E
The Income Tax Directorate of Systems has issued directions (ITBA-PAN Instruction No. 7) to all the authorities in this regard.
As per the Instruction, as per the procedure in place a reasonable number of PAN allotment requests are marked as probable duplicate by the system which has to be resolved by respective Regional Computer Centres whereby PAN details are matched to either allot a new PAN or mark the request as duplicate.
The Directorate has urged such Centres that all out efforts should be made to resolve all duplicate PAN requests marked during allotment process to ensure lowest pendency on this account.
The Directorate has also urged for deputing additional man powers on immediate basis wherever any such shortage is reported.
The Directorate has advised Centres to contact helpdesk in case of any issue or clarification in respect of PAN module.
Form 26 to replace Form 3CD of tax audit report from Tax Year 2026-27 Draft Form 26 has been issued…
When AO do not make any addition on the basis of the reasons on which the reopening was done, the…
Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…
Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…
Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…
Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…