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Tag Archives: PAN

FAQ on Obtaining PAN and TAN Registration

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Permanent Account Number (PAN) is a ten-digit alphanumeric number by the Income Tax Department, allotted to any “person” who applies for it. PAN enables the department to link all transactions such as Income Tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence, and so on. PAN, thus, acts as ...

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Be aware – Taxman is watching

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  We have discussed about the reasons why one has to be careful while executing high value transactions. The service providers of certain high value transactions are obliged to share the information with Income tax department. So, through this article, let’s examine the list of high value transactions for which ...

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