PAN | azlyrics.org.uk

Capital markets regulator Sebi on Friday asked investors to link their PAN with Aadhaar number by September 30 for continual and smooth transactions in the securities market. Failing to comply with this, a person’s Permanent Account Number (PAN) card will become inoperative, which means incomplete Know Your Customer (KYC) details.

Market regulator Sebi on Monday rationalised the compliance requirement of collecting and maintaining copies of permanent account number (PAN) of clients by members of the exchanges having commodity derivatives segment and enhanced the use of e-PAN.

The department of revenue (DoR), ministry of finance has clarified that any purchase of gold, silver, jewellery, or precious gems and stones below Rs 2 lakh does not require permanent account number (PAN) or Aadhaar of a customer as mandatory Know Your Customer (KYC) document.

Finance minister Nirmala Sitharaman on Thursday launched a facility for instant allotment of online PAN (permanent account number) card on furnishing of Aadhaar details. The Budget 2020-21 had proposed to launch a system under which PAN shall be instantly allotted online on the basis of Aadhaar without filling up the detailed application form, easing the … Continue reading FM launches instant allotment of PAN via Aadhaar

The Income Tax (I-T) department on Monday issued a public message saying it was “mandatory” to link PAN (permanent account number) with Aadhaar and advised people not to “miss” the stipulated deadline of March 31. The department had last month said PAN will become “inoperative” if it is not linked with Aadhaar by this date.

The Income Tax (I-T) department will share all taxpayers’ data like PAN (permanent account number) information with Sebi in order to help the capital market regulator in its probe against various entities, including stock market manipulators. The sharing of information will be under three broad heads: request-based exchange of data, suo moto and automatic.