Personal Finances In India 2011

Friday, January 28, 2011

PAN Card not sufficient for tax pay

PAN (Permanent Account Number) have been assured by having all taxpayers is disturb the peace again. Indeed, taxpayers no longer a "new numbers" will take, then they will be able to file tax returns. Income Tax Department to any kind of interaction would require the taxpayers to the new number.
For 2010-11 the tax returns filed next year also have to mention the unique number. The Document identification number (Din) and it will be called 'pan' and 'tan' will be released on the lines. Central Board of Direct Taxes (CBDT) issued new direction - according to the instructions of any kind of taxpayers with the tax department correspondence, notices and orders in the 'Din' would be mandatory to mention.

Income tax under Section 282 B is necessary to mention Din. A finance ministry official said, "Income Tax Department will provide the taxpayers Din. With the correct filing of tax returns - with a tax refund claim will have time to mention taxpayers Din. " He said income tax contact center "this month will start working to provide taxpayers Din. To get the number of taxpayers will suffer any trouble. In fact, the IT department itself "Din" setting and will carry out its allocation.

Taxpayers will no longer significant shift to a new number, 'Din' document, it will not be approved without any tax refund claim must now mention of the Din

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