Sunday, December 7, 2014

Trust for the registration of Permanent Account Number (PAN) necessary

               Charitable trusts (Charitable Trust) through trust the government to rein in money transactions for the registration of Permanent Account Number (PAN) is necessarily thinking about.
              Parliament was introduced in December 2013. The registration of an accounting report Charitable Trust opinion was expressed to require the pan.        
            According to sources, the Ministry of Finance to implement it as a provision is studying aspects. Comptroller and Auditor General of Government Accounts (CAG) tax exemptions granted by the trusts and institutions because of concerns raised abuse is taking a serious view of the matter.
             Under the existing provisions of Section 12A of the Income Tax Act for any part of the Trust your registration is mandatory. Her income tax regulations set forth in this Form 10-A is filling. Under the existing provisions in Form 10 A PAN is new to fill a column. Information about the registration of trusts in the pan is no longer a necessity.

No comments:

Post a Comment