Search Employees News

Government Employee News - Rules, O.Ms & Orders

Govempnews.com is for Central Government Employees News, Orders, O.M. also latest updates on various rules, DoPT Orders, Finance Ministry Orders, MoD Orders, 7th Pay Commission News, Pay Matrix, Promotion, LTC, Allowances for Central Government Employees, Autonomous Bodies, Pensioners, Railway Employees, Defence Personnel

Proforma for re-imbursement of Children Education Allowance
View
Certificate from Head of Institution for CEA re-imbursement
View
Self Declaration for CEA re-imbursement
View
GPF Interest Rate w.e.f. 01.04.2018
View
CAT Ernakulum Bench Order regarding fixation of pay in the merged pay scale of 5000-8000 and 5500-9000 with 6500-10500 (5th CPC) in Pay Band-2 + Grade Pay 4200
View
Fixation of pay on promotion equivalent to the person who joined the post afresh
View

Sunday, 8 January 2017

PAN a must for all bank account holders by February 28, 2017

with 0 Comment

Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017.

Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017, if not already done. In this connection, it may be mentioned that RBI vide circular dated 15.12.2016 has mandated that no withdrawal shall be allowed from the accounts having substantial credit balance/deposits if PAN or Form No.60 is not provided in respect of such accounts. Therefore, persons who are having bank account but have not submitted PAN or Form No.60 are advised to submit the PAN or Form No. 60 to the bank by 28.2.2017. 

The banks and post offices have also been mandated to submit information in respect of cash deposits from 1.4.2016 to 8.11.2016 in accounts where the cash deposits during the period 9.11.2016 to 30.12.2016 exceeds the specified limits. 

It has also been provided that person who is required to obtain PAN or Form No.60 shall record the PAN/Form.No.60 in all the documents and quote the same in all the reports submitted to the Income-tax Department. 
 
The notification amending the relevant rules is available on the official website of the Income-tax Department i.e. www.incometaxindia.gov.in

Related Post

0 comments:

Post a Comment