Search result for 'permanent account number'

RBI fines American Express Banking Corp & HDB Financial Services for non-compliance. Details on penalties & violations inside.

LTIMindtree wins Income Tax Department's PAN 2.0 project. Aims to make PAN a common business identifier. Project outlay: Rs 1,435 crore.

LTIMindtree selected by Income Tax Dept for PAN 2.0 project. A unified platform for PAN/TAN services, aiming for paperless processes.

Banks are seeking authority to freeze accounts involved in illicit transactions to combat cyber fraud. They propose using AI, ML, and voter ID verification to curb mule accounts.

Cooperation Secretary Ashish Kumar Bhutan stresses the need to collect PAN data from all cooperative societies to improve GDP accuracy. He also highlights 'White Revolution 2.0' and the new...

Sebi has clarified the regulatory framework for Specialized Investment Funds (SIF) including the minimum investment threshold and rules regarding maturity of securities.

The Insolvency and Bankruptcy Board of India (IBBI) has amended rules for information utilities to enhance identity verification and streamline the authentication process for financial default...

India's government approves a Rs 1,435 crore project to modernize PAN issuance, introducing QR code-enabled cards and a common business identifier. Learn more about the PAN 2.0 project and its...

India's government launches Rs 1,435 crore PAN 2.0 project to make PAN a common business identifier for all digital systems of government agencies, aiming for easier access and faster service...

The CBDT has directed the I-T department to investigate high-value cash transactions in sectors like hotels, hospitals, and luxury brands to curb tax evasion.

Sebi introduces a special call auction mechanism for listed investment companies (ICs) and investment holding companies (IHCs) to improve price discovery and liquidity.

The Income Tax Department urges taxpayers to link their PAN with Aadhaar by May 31 to prevent higher TDS deduction. Learn more about linking your PAN and Aadhaar.

Sebi simplifies KYC verification for investors by allowing KRAs to use official databases for validation. This will make it easier for investors to transact in the securities market. The new...

Taxpayers can avoid TDS penalties if they link their PAN with Aadhaar by May 31, 2024. The CBDT has issued a circular providing relief for short deductions.

India's government is considering stricter KYC requirements for certain corporate entities, including simplified and uniform KYC norms across sectors. The move aims to combat financial crime and...

Financial Services Secretary Vivek Joshi says the RBI will handle the Paytm issue, while the government has no involvement. The RBI has taken action against Paytm Payments Bank for non-compliance,...

The Indian government has collected over Rs 600 crore in penalties for delayed PAN-Aadhaar linking. Over 11.48 crore PANs remain unlinked, despite the deadline passing in June 2023.

The Employees' Provident Fund Organisation (EPFO) will no longer accept Aadhaar as a valid document for proof of date of birth, following a directive from UIDAI.

The Securities Appellate Tribunal (SAT) has criticized Sebi for its lackadaisical approach in unfreezing shares held by the Kirloskar family in Kirloskar Industries Ltd, despite the tribunal's...