# pan
12 posts in `pan` tag
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Breaking Relief: CBDT Eases Higher TDS/TCS Burden for Inoperative PANs (Circular No. 9/2025)
This blog post explains the important relief offered by CBDT Circular No. 9/2025, dated July 22, 2025, about higher TDS/TCS rates for transactions with inoperative PANs. It describes how deductors and collectors will not be held responsible for short deductions or collections if the deductee's or collectee's PAN is made operative within certain time frames, specifically by September 30, 2025, for past transactions and within two months from the end of the month for future ones. The summary underscores the circular's importance in tackling taxpayer complaints, easing the compliance load, and encouraging PAN-Aadhaar linkage. It urges readers to grasp the new rules and take action quickly.
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Taxpayer Alert! Decoding Income Tax Department's New Rules for FY 2025-26
The Income Tax Department is making significant updates and tightening compliance for FY 2025-26 (AY 2026-27). This blog post serves as an important "taxpayer alert." It explains key changes, such as the mandatory Aadhaar-based verification for updates to the e-filing portal and PAN applications. There is also a stronger emphasis on computer-assisted scrutiny (CASS) for certain types of returns, including survey/search cases, ITR-7 filers, recurring additions, and intelligence alerts. Additionally, it provides information on expected delays in ITR refunds due to outstanding demands and technical upgrades. The focus on HRA claims will tighten, especially those that involve family members. It highlights the need for proactive compliance, careful record-keeping, and timely responses to avoid penalties and ensure a smooth tax experience.

Income Tax E-Filing: Aadhaar OTP Verification Becomes Mandatory – Your Essential Guide
This blog post details the recent mandatory implementation of Aadhaar OTP verification on the Income Tax e-Filing portal for ITR verification and other services. It explains the reasons behind this shift, focusing on enhanced security, streamlined processes, and data integration. The post outlines the crucial impact on taxpayers, emphasizing the necessity of PAN-Aadhaar linking and updated mobile numbers. It also provides actionable steps for those not yet ready and reiterates the benefits of this digital transformation for tax administration in India.

Income Tax in India: Are You Prepared for July 2025?
This blog post provides a comprehensive overview of the significant income tax changes coming into effect in India from July 1, 2025. It details the more attractive new tax regime with revised slabs and increased deductions, the extended ITR filing deadline, the mandate for Aadhaar in PAN applications, and the real-time PAN-bank linking system. Furthermore, it touches upon the updated ITR forms and the broader proposals of the Income Tax Bill 2025, offering taxpayers crucial insights for compliance and effective tax planning.

Your PAN Application Just Got a Smart Upgrade: Hello Aadhaar OTP!
The Income Tax Department has made Aadhaar-based OTP verification mandatory for PAN registration on its e-filing portal. This crucial update aims to enhance security, prevent fraud, and streamline identity verification. The blog explains what this change means for applicants, the reasons behind the shift (like improved verification and faster PAN-Aadhaar integration), and the steps individuals need to take, emphasizing the importance of having an active mobile number linked to Aadhaar for a smooth application process.

Major Updates to AOC-4, MGT-7, and Other ROC Annual Filing Forms
This blog post details the significant updates to ROC Annual Filing forms, especially AOC-4 and MGT-7/7A, as part of the MCA V3 portal rollout effective July 14, 2025. It covers changes like integrated web forms, Excel-based data, pre-filled data, and revised submission processes, alongside crucial information on deadlines and penalties to help companies ensure timely and compliant submissions

Section 194C Explained: TDS on Contractor Payments & How to Report It in Your ITR
This blog post serves as a complete and detailed guide for businesses and individuals to understand Section 194C of the Income Tax Act, 1961. It explains TDS obligations on payments to contractors, outlines applicable rates and thresholds, and most importantly, teaches how to correctly report these deductions in your Income Tax Return (ITR). From verifying Form 26AS and AIS to avoiding mismatch notices, this article helps you ensure compliance, avoid scrutiny, and maintain a clean tax record.

Understanding TIN: Importance, Application, and Verification Explained
This blog explores the crucial role of Tax Identification Numbers (TINs) in global tax systems. It explains what a TIN is, its significance, where and how it is used, how to apply for one, and the ways to verify its authenticity. Designed for individuals and businesses alike, it highlights why accurate TIN usage is vital for efficient tax compliance and administration.

PAN Card Holders Advisory
This blog post informs PAN card holders about the Income Tax Department's warning regarding a 10,000 penalty for specific violations, particularly focusing on the issue of holding multiple PAN cards. It explains the reasons for such violations, the relevant Section 272B of the Income Tax Act, other non-compliances attracting the same penalty, and provides essential guidance on how to prevent these issues and ensure PAN compliance.

CBDT's ITR-Form 6 for AY 2025-26: Implications for Corporate Taxpayers
This blog post provides a detailed examination of the Central Board of Direct Taxes' (CBDT) notification regarding ITR-Form 6 for Assessment Year 2025-26. It clarifies who is required to file this form and highlights the key changes and reporting considerations, including digital assets, transfer pricing, and CSR expenditures. The importance of timely submission and staying informed about the new requirements is also emphasized.

our Guide to the Income Tax Intimation Password (Section 143(1))
This guide explains the purpose of an Income Tax Intimation notice received under Section 143(1) after filing your ITR. It details why the document is password-protected and provides the precise password format: your PAN number in lowercase followed immediately by your Date of Birth in DDMMYYYY format. Learn the step-by-step process to open the encrypted PDF, understand the calculation comparison within, and know what actions to take based on whether it shows a refund, demand, or no change.

The deadline for linking PAN and Aadhaar is now extended to December 31st, 2025
The deadline for linking PAN and Aadhaar has been extended by the Indian government to December 31, 2025, for applications that are filed prior to October 1, 2024. Not adhering to this requirement could lead to the PAN becoming inactive and affect financial transactions.