Income Tax

The Reserve Bank of India (RBI) on Friday, May 19, announced that it has decided to withdraw the Rs 2,000 currency notes from circulation. The central bank asked all to deposit the Rs 2,000 banknotes into their accounts or exchange them for banknotes of other denominations at any bank branch by September 30, 2023. Deposit into bank accounts can be made in the usual manner, without any restriction. The exchange facility for Rs 2,000 currency notes will start from May 23, 2023, the RBI said.

Do keep in mind that the existing Rs 2,000 denomination banknotes will continue to be legal tender.

Now what should you do with your old Rs 2,000 note? Do you have to pay any extra fee to exchange your current Rs 2,000 note? RBI answered all your queries.

Read More

If you want to apply for PAN card online, Below is the procedure to make application for PAN card online through NSDL portal 

Step 1: Submit the PAN card application Form 49A available on the NSDL Website https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html

If you want to make changes in existing PAN then Click here

Step 2: Fill all the details in the form. Read the detailed instructions before furnishing the details in the form. https://tin.tin.nsdl.com/pan/Instructions49A.html#instruct_form49A

---

Step 3: Mode of Payment: The charges for applying for PAN is Rs. 93 (excluding GST) for Indian communication address and Rs. 864 (excluding GST) for foreign communication address. Payment of application fee can be made through credit/debit card, demand draft or net-banking. On successful payment, acknowledgment will be displayed. Save this acknowledgment number. apply for PAN card online is complete

Step 4: Documents to be sent to NSDL

Once the application and payment are accepted, the applicant is required to send the supporting documents through courier/post to NSDL. Only after the receipt of the documents, PAN application would be processed by NSDL. Documents include one proof of identity, one proof of address and one proof of date of birth. To know the complete list of documents, click COMPLETE LIST OF DOCUMENTS.

(i) Copy of

1. Aadhaar Card issued by the Unique Identification Authority of India; or
2. Elector’s photo identity card; or
3. Driving License; or
4. Passport; or
5. Ration card having photograph of the applicant; or
6. Arm’s license; or
7. Photo identity card issued by the Central Government or State Government or Public Sector Undertaking; or
8. Pensioner card having photograph of the applicant; or
9. Central Government Health Service Scheme Card or Ex-Servicemen Contributory Health Scheme photo card