My name is different in PAN and Aadhaar. It is not allowing me to link both. What to do?
In order to Link Aadhaar with PAN, ideally your demographic details (i.e. Name, Gender and Date of Birth) should match in both the documents. In case of any minor mismatch in Aadhaar Name p... More
Do I need to provide PAN number of landlord to employer if yearly rent is above Rs 1 lakh ?
If annual rent is above Rs. 1 lakh, it is mandatory for the employee to report Permanent Account Number (PAN) of the landlord to the employer.In case the landlord does not have a PAN, a decl... More
Name and address in PAN card is not as per Aadhar card. Can I apply for a new pan card as per Aadhar details?
If you apply for a new PAN card, it results in you having multiple PAN cards. It is illegal to hold more than one PAN. There is a penalty of Rs 10,000 under section 272 B of the Income-... More
If someone knows my Aadhaar number, PAN card and mobile number, can he steal my bank account?
No. Merely knowing your mobile number doesn't allow anyone to operate your account. He needs to have access to it when he does the transaction to receive the OTP. In addition to it, he nee... More
What is the procedure to be followed when the applicant wants to update only the communication address in PAN Card ?
If applicant wants to update the address for communication For any update in existing PAN details, applicant is required to fill the form ‘Request for New PAN Card or / and Changes ... More
Where will my PAN card be sent after reprinting? Will it be sent to an old address if I have shifted to a new address?
PAN card will be dispatched to the communication address as per the latest details available with the Income Tax Department. So if you have not updated it with the new address, it will be s... More
I have to give my landlord's PAN to my employer to claim the HRA exemption. Can I give Aadhaar number instead of PAN to my employer?
The recently amended income tax law allows an individual to quote his/her Aadhaar number in lieu of PAN where quoting of PAN is mandatory. The recent changes allow an individual to give his/... More
I have to submit Form 15G/ 15H to the bank to avoid higher TDS on the interest earned from a fixed deposit. Can I give my Aadhaar number instead of PAN to the bank?
Notification dated November 6, 2019 has amended Form15G (Individuals)/Form 15H (senior citizens) which allows quoting of either Aadhaar number or PAN to avoid higher TDS in Form 15G/Form 15G... More
I am paying monthly rent exceeding Rs 50,000. I need to deduct TDS for the payments to my landlord. Can I use my landlord's Aadhaar number to deposit TDS with the government?
Yes, you can use your Aadhaar number to deposit the TDS to the government. You will be required to mention your landlord's Aadhaar number. The TDS will be deducted at the rate of 5 per cent.... More
I have bought a property during the financial year 2019-20 for Rs 60 lakh. While making a payment, I am supposed to deduct TDS at the rate of one per cent. Can I use Aadhaar number instead of PAN of the seller to quote in the TDS return Form 26QB?
As per income tax laws, it is mandatory for the buyer of the property to deduct TDS before making payment to the seller if the value of the property exceeds Rs 50 lakh. The tax has to be ded... More
I have recently joined a new job. I am supposed to give details of my income from my previous employer to the current one. Can I give this information using my Aadhaar number?
While joining a new job in the middle of the year, an individual is required to furnish income details of the previous employer to the current employer using Form 12B. The declaration helps ... More