The government has awarded a project to upgrade impossible cards in Ltimindtree, according to sources. They said the project, the project income tax project should be put online in 18 months. Ltimindree won the project after a successful tender process.
The PAN 2.0 project aims to simplify PAN / TAN processes to improve quality of service, provide faster services and improve grievance repair mechanisms. He will manage the questions in depth linked to PAN and Tanking, including allocation, updates / corrections, AADHAR-PAN, ReinSuance requests, online validation, etc. As a single window platform.
The government would have received four offers for the process.
Meanwhile, Ltimindree’s shares paid 1.42% more to Rs 5,088.25 on Monday. At this fence value, the action lost 10.33% for the start of the year (YTD).
What is the pan and tanning?
Pan is the permanent account number, while Tan is the tax deduction account number and recovery. Pan and Tan are 10 -digit alphanumeric numbers.
A PAN card is issued to all taxpayers and not = taxpayers of the country, while Tan is issued to that which deduces or receives taxes under article 203a of the 1961 law for Indian income tax.
Pan is required for all financial transactions. Although it is mainly used for income tax purposes, it is also accepted as proof of identity of the individual. It is also used when purchasing property, cars or other similar assets. Meanwhile, Tan is important for TDS yields, payments and Challans. Once the tanning is obtained, companies must deposit TDS quarterly.
People with taxable income, students, non-taxists can all apply for the PAN, while the TAN is required from the central government or the state and local authorities, businesses, branches and divisions of a business, businesses, associations, trusts and HUF, property and individual partnerships.
