Tag: Form 60

Banks get time till June 30 to obtain PAN from account holders

The tax department has given banks three more months till June 30 to obtain permanent account number (PAN) or Form-60 from all account holders as it looks to tighten the noose around evaders. Though the deadline for getting the PAN or Form 60 (if PAN is not available) by banks ended on February 28, the tax department on...

April 7, 2017

Banks asked to get PAN from account holders

As part of the drive to unearth black money, the government has asked banks to obtain the permanent account number (PAN) or Form 60 if PAN is not available, from all bank account holders by February 28, 2017, an official statement said on Sunday. "Income Tax Rules have been amended to provide that bank shall...

January 8, 2017