With the current Global competitiveness and era of Corporate Governance in the background of information hungry society, every move by any corporate, commercial establishments or individual needs specialized guidance by professionals having expertise in the relevant field.
Legal-N-Tax Advisory LLP is emerging as full services accounting, tax litigation &. controversy, tax & audit firm providing a wide range of services to clients, that meet the requirements of every single need of our clients.
Advocate Manoj Yadav founded Legal-N-Tax Advisory LLP (New Delhi, India), he is a Master in Law and Commerce Graduate from the University of Delhi, also he is a member of the Bar Council of India. During his initial stage of Practice, he associated himself with various reputed Advisory & Consultancy Firms as a Senior Consultant/ Senior Associate. He did all this with rendering his services as a litigator by representing the said firm’s clients before various regulatory authorities. He has vital experience in the field of Corporate Law, Taxation Law, Society Law, India Entry Strategies and Intellectual Property Rights. He is a highly skilled and accomplished attorney and legal strategist. He has a strong knowledge of corporate compliance, foreign investment, direct & indirect taxes, and corporate governance matters.
How to check if PAN and Aadhaar are linked and its Importance
Let us first understand, why is it really important to link Aadhar with PAN, on or before 31st March 2023?
Following are the troubles, that may arise, if PAN and Aadhar are not linked
PAN will become inoperative
Income Tax Return can not be filed
Higher rate of TDS or TCS would apply, since the PAN is inoperational
Even the Higher TDS or TCS, that have been deducted or collected, would not be made availble in Form 26AS and benefit of the same would not be available
Declaration in Form 15G/15H could not be made
No New Bank Account can be opened
No New Debit or Credit Card will be issued
Will not be able to buy mutual fund in excess of Rs. 50,000/-
Single Fixed Deposit of more than 50,000/- can not be made
Small Fixed Deposit less than 50,000/- can be made but subject to maximum limit of 2,50,000/- annually
Will not be able to buy Jewellery in excess of Rs. 2,00,000/-
Investors in Stock Market will be barred from sale and purchase of shares, because non linking of PAN and Aadhar will be considered as KYC issue