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The central government has introduced a new online service called "Know Your PAN", [3] to for knowing your PAN number, verify your PAN [4] for new and existing PAN numbers. [5] Failure to comply with the provisions of Section 139A of Income Tax Act, a penalty of ₹10,000/- for each default is payable u/s.272B to the assessing officer. [6]
However, where the application is online, the acknowledgment (a PDF file) which is generated after filling up the form must be forwarded to NSDL. Detailed guidelines for the procedure are available at NSDL website. A TAN application should accompany a 'proof of identity' and a 'proof of address' (photocopies) of the deductor.
Protean eGov Technologies Limited (previously NSDL e-Governance Infrastructure Limited) is an Indian technology company headquartered in Mumbai. [1] The company focuses on developing digital public infrastructure (DPI) and e-governance initiatives for various governmental bodies in India. [ 2 ]
Protean eGovernance Technologies (earlier known as NSDL e-Governance Infrastructure Limited) was a former subsidiary. [5] It works on Digital Public Infrastructure and Open Source software as well as offers services related to issuance of PAN cards and also acts as central record-keeping agency for National Pension System (NPS).
Digital India is a campaign launched by the Government of India to make its services available to citizens electronically via improved online infrastructure and by increasing Internet connectivity. [1] [2] The initiative includes plans to connect rural areas with high-speed internet networks.
In February 1999, CDSL received certificate of commencement of business from Securities and Exchange Board of India (SEBI). [7] On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through initial public offering (IPO) [8] making it the first depository in Asia-Pacific region and only the second depository in the world to get listed.
As of 2012, there were 288 DPs of NSDL and 563 DPs of CDSL registered with SEBI. [ 1 ] [ 2 ] SEBI (D&P) Regulations, 1996 prescribe a minimum net worth of Rs. 50 lakh for stockbrokers , R&T agents and non-banking finance companies (NBFC), for granting them a certificate of registration to act as DPs.
The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947. [6]