Procedure for PAN allotment to undergo a change w.e.f. 03rd Feb 2014
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated 24th January, 2013 Press Release The procedure for PAN allotment process will undergo a change w.e.f. 03.02.2014. From this date onwards, every PAN applicant has to submit self-attested copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth… Read More
Tags: Commissioner, Government of India, Identity document, Income tax, PAN Facilitation Centre, Press Release, Rekha, Taxation in India
Banknotes issued prior to 2005 to be withdrawn: RBI Advisory
The Reserve Bank of India has today advised that after March 31, 2014, it will completely withdraw from circulation all banknotes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication. The Reserve Bank… Read More
Tags: Banknote, Branch (banking), Central bank, Identity document, Legal tender, Reserve Bank, Reserve Bank of India
Cancellation of Aadhar cards under Biometric Exception clause
As on date, 384237 Aadhar numbers have been cancelled under Biometric exception clause. In keeping with UIDAI™s commitment to achieve zero failure to enroll, the enrolement client application has the provision to enroll persons with biometric exceptions. It was however noticed that this provision was misused by some operators to enroll residents who are not… Read More
Tags: biometric, Client (computing), Exception handling, Identity document, India, Nandan Nilekani, Planning Commission, Security, Unique Identification Authority of India
Government launches drive against Fake Pan Cards
The Government has launched drive against fake Permanent Account Number (PAN) cards. As a continuous process, in order to know the genuineness of Know Your Customer (KYC) documents on Proof of Identity (POI) and Proof of Address (POA), third party field verification is conducted after allotment of PAN. The information of failed KYC verification is… Read More
Tags: Aadhaar, Identity document, Know Your Customer, KYC, Permanent account number, Unique Identification Authority of India