CA.VIKRAM KUMAR

How to Activate Your PAN if it has been Deactivated due to Non Linking with Aadhaar What can happen if you don't link your PAN with AADHAAR before 30.06.2023. 1. PAN Card will be inoperative.  2. Income Tax return can't be filed.  Refund cant be claimed. 3. PAN linked with GST No may get delinked. 4. Bank Account. 5. Demat Account. The above list is illustrative only.   Link your PAN & Aadhaar here https://eportal.incometax.gov. in/iec/foservices/#/pre-login/ bl-link-aadhaar To View PAN Aadhaar Link Status https://eportal.incometax.gov. in/iec/foservices/#/pre-login/ link-aadhaar-status If PAN Card is deactivated, then to activate an INDEMNITY BOND , Copy of PAN Card and 3 years Income Tax return copy. MINOR PAN Card also to be linked with his/her Aadhaar. CBDT has notifies Income Tax Rule 114AAA prescribing  that permanent account number (PAN) will become inoperative if  a person, who has been allotted PAN as on the 1st day of July, 2017 and is required to intimate his Aa

  LICENSE UNDER SHOP AND ESTABLISHMENT ACT,1947 The Shops and Establishment Act registration issued under the Shops and Establishment Act is mandatory for all persons, companies and legal entities planning to set up a commercial establishment or shop. In India, the State Legislation enacts the Shop and Establishment Act (Act), and thus it differs from state to state.  However, the Shops and Establishment Act drafted by all states are similar in nature and regulate the working hours for employees, annual leaves with wages, compensation, employment of women and children, and other aspects of the commercial establishments and shops in their state.   The registration under the Act is known by various names in different states. For instance, in Bihar, it is known as the Trade License; in Maharashtra, it is called Gumasta License; in Delhi, UP and Haryana, it is known as the Shop and Establishment license.  Eligible Businesses Under the Shops and Establishments Act As per the Shops and Estab

  How to apply PAN, EPAN, Make Corrections, Link Aadhaar, Check Status,Gazette Format,Cancel PAN   Link Aadhaar https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar Information :As per CBDT circular F.No. 370142/14/22-TPL dated on 30th March 2022 , every person who has been allotted a PAN as on 1st July 2017 and is eligible to obtain Aadhaar number is required to link PAN with AADHAAR on or before 31st March, 2022. Taxpayers who failed to do so are liable to pay a fee of Rs.500 till 30th June, 2022 and thereafter a fee of Rs.1000 will be applicable before submission of PAN-AADHAAR linkage request . Please pay the applicable fee on ' https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp ' Protean (NSDL) portal to proceed with submission of Aadhaar-PAN linking request. Click on Proceed under CHALLAN NO./ITNS 280 for submission of Aadhaar-PAN linking request. In case payment is already done on Protean (NSDL) portal, please try linking after 4-5 wor

  E-Invoice under GST The threshold limit for the applicability of E-invoice limit reduced from INR 10 Crores to INR 5 Crores . This is applicable from 1st August, 2023. Notification No. 10/2023 - Dated 10th May, 2023. In simple words, if the aggregate turnover of any taxpayer in any of the *Financial Year from 2017-18 to 2022-23 has exceeded ₹5Crores* then it is mandated to generate E-invoice w.e.f. 1st August 2023. E-Invoicing/E-Invoice is a form of electronic billing which is mandated by Government due to tax evasion. In India, the Government introduced e-invoicing in mid of the financial year 2020 with businesses having aggregate turnover above Rs. 500 Crore. The limit of Rs. 500 Crore turned to Rs. 100 Crore from 1st January 2021 then to Rs. 50 Crore from 1st April 2021 and now it is Rs. 20 Crore from 1st April 2022. Interestingly, if the turnover in any of the financial years from 2017-18 till now crosses the aggregate turnover limit then e-invoicing is applicable .  As per Rule