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| Tweet Topic Started: May 8 2017, 05:03 AM (62 Views) | |
| shailily | May 8 2017, 05:03 AM Post #1 |
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How Getting A PAN Card Could Be Useful How Getting A PAN Card Could Be Useful May 25 Jerami Grant 76ers Jersey , 2014 | Author: Ashis Jain | Posted in Business The Indian tax system requires that everyone pays income taxes and any other taxes that are listed in different regulations. The implementation of this law has made it necessary to widen the tax net in order to get as many people as possible to pay taxes. The introduction of the PAN card in the tax system was the best way to net as many people as possible to pay different taxes and adhere to many other regulations. The card is so mandatory that you may not be able to do some things if you do not have it hence making it very essential. This 10 digit alphanumeric unique identity is what is used to identify people for tax purposes. It is designed to be used in many other transactions where your identity is key to making the transactions authentic. The idea is to keep every financial transaction that comprises of a tax element in track with the main goal of preventing tax evasion. Everyone who earns any taxable income in India is required by the tax law to apply for a PAN including foreign nationals that are required to pay taxes in India. It is also important for businesses to be tax compliant by applying for the number if they make a turnover exceeding Rs. 5 Lakh in any given year. Tax compliance is an essential element for every citizen hence having the card is very helpful. For you to be issued with your own PAN card, it is important to understand whether you should fill form 49A or 49AA. This information can be obtained from the Income tax department of India and visiting the office to apply or applying online. The application process requires that you submit a copy of your national ID and any proof of your place of residence and paying the requisite amount through a demand draft, cheque or cash. Having the permanent account number allows people to undertake different financial activities including payment of taxes, filing income tax returns and in avoiding being charged more taxes than necessary. This is the number that shows the tax department that you are tax compliant or not. You cannot file income tax returns or pay direct taxes if you do not have this number. You have to pay taxes when doing different transactions like in the purchase of immovable property worth least Rs. 5 Lakh. Everybody transacting in selling or purchasing an automobile, besides a two wheeler should also disclose their PAN number during the transaction since taxes may need to be paid. Therefore, getting this type of card becomes mandatory to be able to conduct such transactions. The card is also mandatory if you are transacting amounts exceeding Rs. 25 Jason Richardson 76ers Jersey ,000 in a hotel, restaurant, and travel to a foreign country. Additionally, payments of over Rs 50,000 to the Indian Reserve Bank when buying bonds are also subject to tax, charged on the number. This makes the card very essential in everyday life in India. You will also need a PAN card when buying shares exceeding Rs. 50 Jahlil Okafor 76ers Jersey ,000 in value. The number will also be needed when depositing over Rs 50,000 in a bank within 24 hrs. Payment of at least Rs 5 Lakh to buy bullions or jewelry also has to be supported by this number. Learn more about pan status stop by Ashis Jain’s site. Fake publicity done by this site auther ! For Luis Carlos Sabbagh9qw!!! Andrew Chrystal Submitted 2014-03-10 18:44:48 domingo, 2 de septiembre de 2007 CLINICA REINA SOFIA DE BOGOTA HOY, 3 DE SEPTIEMBRE DE 2007, SE CUMPLE MEDIO A?O DE LA TRAGEDIA QUE SE LE CAUSO A MI ESPOSA " HELENA URDANETA DE GOMEZ" AL SERLE PERFORADO EL ESOFAGO DURANTE UNA ECOENDOSCOPIA ,PRACTICADA EN LA CLINICA REINA SOFIA POR EL DOCTOR LUIS CARLOS SABBAGH SANVICENTE. 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Vea el caso completo en mi p?gina web : www.victimasdemedicos Publicado por copito en 7:08 No hay comentarios: CLINICA REINA SOFIA-BOGOTA La cl?nica REINA SOFIA, no responde por los da?os causados a mi esposa HELENA URDANETA, durante una Ecoendoscopia practicada por el Dr. LUIS CARLOS SABBAGH, en la cual le fue perforado el es?fago, con las consecuencias que pueden ver en la p?gina web: www.victimasdemedicos Publicado por copito en 7:00 No hay comentarios: lunes Gerald Henderson 76ers Jersey , 16 de julio de 2007 VICTIMA DE MEDICO PRESTIGIOSO www.victimasdemedicos : En esta direcci?n encontrar? lo que debe saber para cuidarse de los posibles " accidentes de m?dicos y preparar su bolsillo para los enormes gastos que le siguen Publicado por copito en 14:19 No hay comentarios: VICTIMA DE UN MEDICO Visite y p?gina y conocer? la triste historia de mi esposa y de otra se?ora www.victimasdemedicos Publicado por copito en 14:14 No hay comentarios: VICTIMA DE MEDICO GASTROENTEROLOGO Tenga mucho cuidado cuando se practique un procedimiento m?dico.............vea mi pagina web y sabr? porqu? se lo digo www.victimasdemedicos doctor luis carlos sabbagh Doctor. 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