Unlike in the past when it was easier to escape the glare of the tax office, many may run out of luck now as their returns are red-flagged by softwares used by the revenue department.
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Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], July 14: The much-anticipated Outlook Business Spotlight - Business Excellence Awards 2023 took place on July 24th at The Lalit in Mumbai. The event was a resounding success, bringing together prominent industry leaders, esteemed guests, and government officials to celebrate and recognize outstanding achievements in the business world. Business News | Digitech Media Shines a Light on Industry Leaders at the Outlook Business Spotlight - Business Excellence Awards 2023.
At midnight on 30th June and 1 July 2023, the Indian government mandatorily deactivated all permanent account numbers (PANs) issued by the income tax (I-T) department with proper verification for not linking it with Aadhaar numbers. However, in their bulldozing mission, the government and tax department deactivated the PANs of almost all non-resident Indians (NRIs) as well. NRIs are not required to possess an Aadhaar number and hence cannot link their PANs within the deadline. Since then, many NRIs have been venting their frustration about deactivated PANs on social media. Reactivating PANs is tedious, and NRIs must submit documents to show their non-residency period.
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