Its been a long time since the Government of India has announced the interlinking of PAN card and Aadhaar card mandatory for every resident of India. The last date for this linking was declared to be 31st March 2019. However, the date has…
Its been a long time since the Government of India announced that linking of PAN and Aadhaar card is mandatory. And for those who haven't linked their Aadhaar card to PAN card yet, 31st March 2019 has been declared as the last date to do…
Pan Card details of a middle class employee earning Rs 25,000 per month was stolen. And then what happened next will shock you: Rs 20 crore worth of fraud and illegal transactions took place, of which the man had no idea.
Meanwhile, Income Tax Dept. has launched a new feature, using which anyone can generate ePAN, without any document. That too instantly!
Basically, RBI has altered the Liberalised Remittance Scheme rules, which allowed money transfer up to $25,000 without any PAN Card requirement.
In a welcome step, Supreme Court has now made deadlines for all these services and schemes as March 31st, thereby removing all forms of confusion and chaos.
It has been found that UIDAI, the nodal authority for Aadhaar Card, intentionally shared a large chunk of private Aadhaar data with two private firms.
Defining a smaller limit for cash transactions has a two-fold purpose. It will help keep money laundering in check and push more cashless transactions.
WIth so many bogus PAN cards issued to non-existent people and against false information, the Government is now reigning in the curlprits and cleaning up the system.
The deadline for linking PAN to Aadhaar Card has been extended to 31st August. Beyond that, any PAN cards not linked with Aadhaar will be deactivated.