Tuesday, March 31, 2009

Online Tax payment: e-tax or e-payment service by TIN NSDL to pay direct taxes.


Procedure for e-payment:

  • Click here to start 
  • To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.
  • Enter its PAN / TAN as applicable. There will be an online check on the validity of the PAN / TAN entered.
  • If PAN/ TAN is valid the taxpayer will be allowed to fill up other challan details like accounting head under which payment is made, name and address of TAN and also select the bank through which payment is to be made, etc.
  • On submission of data entered a confirmation screen will be displayed. If the taxpayer confirms the data entered in the challan, it will be directed to the net-banking site of the bank.
  • The taxpayer will login to the net-banking site with the user id/ password provided by the bank for net-banking purpose and enter payment details at the bank site.
  • On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.

To avail of this facility the taxpayer is required to have a net-banking account with any of the banks listed below, which are the only banks offering this facility at present.

  • Account Holders of
    1. Axis Bank
    2. State Bank of India
    3. Punjab National Bank
    4. Indian Overseas Bank
    5. Canara Bank
    6. Indian Bank
    7. Bank of India
    8. Corporation Bank
    9. State Bank of Bikaner & Jaipur
    10. State Bank of Travancore
    11. State Bank of Indore
    12. Vijaya Bank
    13. HDFC Bank
    14. Oriental Bank of Commerce
    15. State Bank of Patiala
    16. Bank of Baroda
    17. IDBI Bank
    18. State Bank of Mysore
    19. Bank of Maharashtra
    20. State Bank of Hyderabad
    21. Union Bank of India
    22. Allahabad Bank
    23. Dena Bank
    24. Syndicate Bank
    25. ICICI Bank
    26. United Bank of India
    27. UCO Bank
    28. Central Bank of India
    29. Andhra Bank
    30. Jammu & Kashmir Bank

Tata to distribute Nano applications from April 4

Tata Motors will start distributing application forms for its Rs 1 lakh car, Nano, from April 4 onwards. These forms will be sold through Croma, the multi-brand consumer durables and electronics chain from the Tata. The forms will be available till April 25 at a price of Rs 300.

Speaking on the initiative, Ajit Joshi, CEO and MD, Infiniti Retail, said: “In our endeavour towards offering best deals to our customers, for every purchase on the Tata Nano application form, we will offer a discount of Rs 300 on select products across our entire range."

Tata Nano will be on display at 15 Croma stores across India, including Mumbai (High Street Phoenix, Juhu, Malad, Belapur, Domestic Airport), Pune (Aundh), Ahmedabad (Himalaya Mall), Bengalooru (Kormangala, Eva), Delhi (Rohini), Faridabad, Baroda, Surat and Hyderabad (Jubilee Hill, Punjagutta).

Thursday, March 26, 2009

Pakistan set to reap $35 billion windfall profit from terrorism

Terrorism pays. That may well be the message the United States and its allies send out to the world this week as they line up billions of dollars in aid to Pakistan despite the country’s military and intelligence agencies being implicated by American officials in acts and practice of terrorism.

Ignoring confirmation about the Pakistan’s continued support and use of terrorism obtained through electronic surveillance and informants, and even brazen affirmation by Pakistani officialdom itself, the Obama administration is set to lavish a bonanza that might eventually add up to more than $ 30-$ 35 billion over the next decade.

About half the windfall will come from the US and the other half from its allies such as Japan, EU, and Gulf countries.

Washington is set to announce its largesse of around $ 15 billion of US tax-payer money in course of its new Af-Pak policy to be unveiled Friday, followed by a conference in Tokyo on April 17 of the so-called ''Friends of Pakistan'' where Islamabad is pitching for $ 10 billion.

This is in addition to the $ 7.6 billion pledged by the IMF and various donors, all at the instance of the United States, which believes Pakistan will disintegrate, with disastrous consequences all around, if it is not rescued with massive amounts of aid.

Congressional staff and sources associated with drawing up the aid package say there will be stringent conditions and tough oversight attached to the assistance, but critics of the policy regard the assurances as credulous. The Indian government has not opposed the package. ''If they (the United States) have not learned from the past, there is little we can do,'' one official said on background, referring to the Reagan era bonanza when untrammeled support for Pakistan’s military emboldened the country to adopt terrorism as a state policy.

That policy is still very much in place, going by a stunning page one New York Times account on Thursday in which Pakistani officials admit first-hand knowledge of ties between the ISI and extremists and even justify. They tell the paper that the contacts are less threatening than the American officials depict and are part of a strategy to maintain influence in Afghanistan for the day when American forces would withdraw and leave what they fear could be a power vacuum to be filled by India.

''In intelligence, you have to be in contact with your enemy or you are running blind,'' the paper quotes a senior Pakistani military officer as describing Islamabad’s strategy of backing the terrorists. But evidently, Pakistan's activity constitutes more than just contact with the enemy.

The NYT account, striking for the candid detail revealed by unnamed US and Pakistani officials, said Pakistan’s support to the Taliban and other militant outfits is coordinated by operatives inside the shadowy S Wing of the ISI. The report says the ISI also shared intelligence with Lashkar-e-Taiba accused in the Mumbai attacks and ''provided protection for it.'' It did say when this cooperation and protection took place.

But other new details reveal that the ISI is aiding a broader array of militant outfits with more diverse types of support than was previously known, even months after Pakistani officials said that the days of the ISI’s playing a double game had ended, the paper reported. One such outfit is the Haqqani network, which by American accounts bombed the Indian Embassy in Kabul with help from the ISI.

The attack killed 54 people, including an Indian diplomat and a military commander. Pakistan’s army chief Pervez Kiyani, a former ISI Director-General, subsequently described the Haqqani network as Pakistan’s ''strategic asset.''

But according to the NYT, the ISI’s S wing not only helps such networks with fuel and ammunition to fight American troops in Afghanistan, but also replenishes its ranks with recruits from madrassas in Pakistan. There is even evidence that ISI operatives meet regularly with Taliban commanders to discuss whether to intensify or scale back violence before the Afghan elections, it said.

None of this appears to have made a whit of a difference in the planned US largesse for Pakistan. If anything, US officials and analysts argue it is all the more reason to rush aid to Pakistan so that its democracy and social sector can be strengthened and it can be walked away from the abyss. ''If there is a better way to do this, we are all ears,'' a senior Congressional aide involved in the process, said. While some analysts say that Pakistan extracts aid by pointing a gun to its own head, key figures in the Washington establishment don't want to take the chance that Pakistan ends up falling into the abyss.

US officials, who typically make strenuous effort to shield the Pakistani leadership from charges of fomenting terrorism, maintain that mid-level ISI operatives cultivate relationships that are not approved by their bosses. They say it is unlikely that top officials in Islamabad are directly coordinating the clandestine efforts. But Pakistani officials themselves appear to scoff at American credulity in the NYT report, saying it is part of their long term strategy to keep their options open when the U.S withdraws from Afghanistan.

That expectation got a boost this week when US President Barack Obama
spoke of an ''exit strategy'' in Afghanistan. Although Obama did not specifically refer to any troop withdrawals (on the contrary, he has just directed induction of 17,000 more troops), the fact that Washington is even contemplating an exit strategy seems to justify Pakistan’s outlook of keeping its Taliban and terrorism powder dry.

Monday, March 23, 2009

Tata Nano Launch Video

Tata Nano Specifications on Video : The drive to big dreams

Tata Nano, the Rs 1-lakh car, hits the road


Tips for interested buyers of Nano

Following are a few pointers for interested buyers of
Nano:

* Nano on display at Tata Motors
showrooms from April 1

* Sale of application/booking at Rs.300 per application form, starts from April 9

* First phase of booking to end April 25

* Application forms available at over 30,000 locations in 1,000 cities

* Forms can be submitted to State Bank of India in 1,350 notified branches in 850 cities

* 15 other banks/NBFCs to provide booking loan

* Online bookings can be submitted at: www.tatanano.com

* Deliveries to commence from July 1

* 100,000 cars to be price protected

* Attractive range of accessories and Nano merchandise

The three variants of Nano, which shall be available are:

* Tata Nano Standard (BS-II and BS-III): The basic model or the standard version, in three colour options, single-tone seats, and fold-down rear seat

* Tata Nano CX (BS-II and BS-III): In five colour options, with heating and air-conditioning (HVAC), two-tone seats, parcel shelf, booster-assisted brakes, fold-down rear seat with nap rest

* Tata Nano LX: (BS-III) With the features of CX plus complete fabric seats, central locking, front power windows, body coloured exteriors in three premium colours, fog lamps, electronic trip meter, cup holder in front console, mobile charger point, and rear spoiler

Many of these features are not available on current entry-level small cars in the country.

Income TaX In India: Frequently Asked Questions and Answers

1. What Is PAN?

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department.

A typical PAN is AABPS1205E.

{Section 139A(7) Expln (b) and (c)}

2. Why Is It Necessary To Have PAN?

It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department.

{Section 139A (5) (a) and (b)}

It is also compulsory to quote PAN in all documents pertaining to financial transactions notified from time-to-time by the Central Board of Direct Taxes. Some such transactions are sale and purchase of immovable property or motor vehicle or payments in cash, of amounts exceeding Rs. 25,000/-to hotels and restaurants or in connection with travel to any foreign country. It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or depositing cash of Rs. 50,000/- or more in a Bank.

{Section 139A (5) (c) read with Rule 114B}

3. How does Income Tax Department ensure that PAN is quoted on transactions mentioned above?

It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the CBDT to ensure that PAN has been duly quoted in the document.

{Section139A (6)}

4. Is it compulsory to quote PAN on return of income?

Yes, it is compulsory to quote PAN on return of income.

5. How will these authorities verify PAN?

A facility for verifying PAN is available on the website of the Income Tax department.

6. Who must have a PAN?

i. All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN.

{Section 139A (1) and (1A)}

ii. Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.

{ Section 139A (5) (c) read with Rule 114B}

iii. The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.

{Section 139A (2) and (3)}

7. Can a person obtain or use more than one PAN?

Obtaining or possessing more than one PAN is against the law.

{Section 139A (7)}

8. Where to apply for PAN?

In order to improve PAN related services, the Income Tax department has authorized UTI Investor Services Ltd (UTIISL) to set up and manage IT PAN Service Centers in all cities or towns where there is an Income Tax office and National Securities Depository Limited (NSDL) to dispense PAN services from TIN Facilitation Centers. For convenience of PAN applicants in big cities, UTIISL has set up more than one IT PAN Service Center and likewise there are more than one TIN Facilitation Centers.

9. How to apply for a PAN? Can an application for PAN be made on plain paper?

PAN application should be made only on Form 49A. A PAN application (Form 49A) can be downloaded from the website of Income Tax department or UTIISL or NSDL (www.incometaxindia.gov.in,www.utiisl.co.in or tin.nsdl.com) or printed by local printers or photocopied (on A4 size 70 GSM paper) or obtained from any other source. The form is also available at IT PAN Service centers and TIN Facilitation centers.

10. Can an application for PAN be made in Form 49A obtained from anywhere?

Yes, PAN application may be made on Form 49A obtained from any source other than IT PAN Service Centers or TIN Facilitation Centers. For instance, a PAN application may be made on form downloaded from the website of Income Tax department or UTIISL or NSDL; or on form printed by local printers or a photocopy of downloaded or printed form.

11. Can an application for PAN be made through Internet?

Yes, application for fresh allotment of PAN can be made through Internet. Further, requests for changes or correction in PAN data or request for new PAN card (for an existing PAN) may also be made through Internet. For more details visit (www.tin-nsdl.com)

12. How do I get a PAN allotted quickly (TATKAL)?

If an application for allotment of PAN is submitted through Internet and payment made through a 'nominated' credit card, the PAN is allotted on priority and communicated through email.

13. How to find an IT PAN Service Center or TIN Facilitation Center?

Location of IT PAN Service Centers or TIN Facilitation Centers in any city may be obtained from local Income Tax Office or any office of UTI/UTIISL or NSDL in that city or from websites of the Income Tax department (www.incometaxindia.gov.in or UTIISL(www.utiisl.co.in) or NSDL (http://tin.nsdl.com)

14. What services are provided by these IT PAN Service Centers or TIN Facilitation Centers?

IT PAN Service Centers or TIN Facilitation Centers will supply PAN application forms (Form 49A) and forms for 'Request For New PAN Card Or/ And Changes In PAN Data', assist the applicant in filling up the form, collect filled form and issue acknowledgement slip. After obtaining PAN from the Income Tax department, UTIISL or NSDL as the case may be, will print the PAN card and deliver it to the applicant.

15. What if I submit incomplete Form 49A?

IT PAN Service Centers or TIN Facilitation Centers shall not receive any incomplete and deficient PAN application. However, these centers will assist applicants to correctly fill up form 49A or 'Request For New PAN Card Or/ And Changes In PAN Data', as the case may be.

16. What documents and information have to be submitted along with the application for Form 49A?

a. Individual applicants will have to affix one recent, coloured photograph (Stamp Size: 3.5 cms x 2.5 cms) on Form 49A;

b. Any one document listed in Rule 114 must be supplied as proof of 'Identity' and 'Address'; and

c. Designation and code of the concerned Assessing Officer of Income Tax department will have to be mentioned in Form 49A.

17. Which documents will serve as proof of 'Identity' in case of Individual applicants, including minors and HUF applicants?

Copy of school leaving certificate or matriculation certificate or degree of a recognized educational institution or depository account or credit card or bank account or water bill or ration card or property tax assessment order or passport or voter identity card or driving license or certificate of identity signed by a MP or an MLA or a Municipal Councilor or a Gazetted Officer;

In case the PAN applicant is a minor, any of above documents of any of the parents or guardian of such minor shall serve as proof of Identity;

In case PAN application is made on behalf of a HUF, any of above documents in respect of Karta of the HUF will serve as proof of Identity.

18. What is proof of 'Address' for Individual applicants, including minors and HUF applicants?

Copy of electricity bill or telephone bill or depository account or credit card or bank account or ration card or employer certificate or passport or voter identity card or property tax assessment order or driving license or rent receipt or certificate of address signed by a MP/ MLA/Municipal Councilor / a Gazetted Officer;

In case the PAN applicant is a minor, any of above documents of any of the parents or guardian of such minor shall serve as proof of Address;

In case PAN application is made on behalf of a HUF, any of above documents in respect of Karta of the HUF will serve as proof of Address.

19. What documents will serve as proof of Identity and Address for other applicants?

Copy of Certificate of Registration issued by the Registrar of Companies or Copy of Certificate of Registration issued by the Registrar of Firms or Copy of Partnership Deed or Copy of Trust deed or Copy of Certificate of Registration Number issued by Charity Commissioner or Copy of Agreement or Copy of Certificate of Registration Number issued by Charity Commissioner or Registrar of Co-operative Society or any other Competent Authority or any other document originating from any Central or State Government Department establishing Identity and Address of such person.

20. How to find 'Assessing Officer code'?

Assessing Officer code may be obtained from Income Tax Office where you submit your return of income. Applicants who have never filed return of income may find out Assessing Officer code with the help of IT PAN Service Center or TIN Facilitation Center or jurisdictional Income Tax Office.

21. Is a photograph compulsory for making an application for PAN?

A photograph is compulsory only in case of 'Individual' applicants.

22. What is the procedure for applicants who cannot sign?

In such cases, Left Hand Thumb impression of the applicant should be affixed on Form 49A or 'Request For New PAN Card Or/ And Changes In PAN Data' at the place meant for signatures and got attested by a Magistrate or a Notary Public or a Gazetted Officer, under official seal and stamp.

23. Is father's name compulsory for female (including married/divorced/widow) applicants?

Only father's name is required to be filled in the PAN application (Form 49A). Female applicants, irrespective of marital status, should write only father's name in the PAN application

24. Is it compulsory to mention telephone numbers on Form 49A?

Telephone number is not compulsory, but if provided it may help in faster communication.

25. Who can apply on behalf of non-resident, minor, lunatic, idiot, and court of wards?

Section 160 of IT Act, 1961 provides that a non-resident, a minor, lunatic, idiot, and court of wards and such other persons may be represented through a Representative Assessee. In such cases, application for PAN will be made by the Representative Assessee.

26. I had applied to the department but I do not know my PAN?

Please contact the Aaykar Sampark Kendra (ASK) at 0124-2438000 (or 95124-2438000 from NCR) or visit the www.incometaxindia.gov.inand go to 'know your PAN'.

27. Are there any charges to be paid at IT PAN Service Centers or TIN Facilitation Centers?

UTIISL and NSDL have been authorized to collect Rs.60 + Service Tax as applicable, per PAN application and this includes cost of a tamper proof PAN card. This amount will have to be paid in cash at IT PAN Service Center or the TIN Facilitation Center.

28. Do you need to apply for a PAN when you move or transfer from one city to another?

Permanent Account Number (PAN), as the name suggests, is a permanent number and does not change during lifetime of PAN holder. Changing the address or city, though, may change the Assessing Officer. Such changes must, therefore, be intimated to nearest IT PAN Service Center or TIN Facilitation Center for required correction in PAN databases of the Income Tax department. These requests will have to be made in a form for 'Request For New PAN Card Or/ And Changes In PAN Data'

29. I had applied to UTITSL/ NSDL a month ago but I have not received my PAN card and I have to file my return of income.

Please contact Aaykar Sampark Kendra (0124-2438000 or 95124-2438000 from NCR) or www.incometaxindia.gov.in or send an email topan@incometaxindia.gov.in.

30. Will the existing PAN cards issued by the Department remain valid?

All PAN allotted and PAN card issued by the Department will remain valid. All persons who have been allotted a PAN need not apply again.

31. Income Tax Department has issued me a PAN card; can I obtain a new tamper proof PAN card?

For obtaining the tamper proof PAN card an application will have to be made in the form for 'Request For New PAN Card Or/ And Changes In PAN Data' to IT PAN Service Center or TIN Facilitation Center, in which existing PAN will have to be indicated and old PAN card surrendered. The payment of Rs.60 + Service Tax as applicable, will also have to be made.

32. I had applied for PAN and received PAN number but have not received the PAN Card?

Apply in the form for 'Request For New PAN Card Or/ And Changes In PAN Data' at any IT PAN Service Center or TIN Facilitation Center quoting the PAN allotted to you.

33. How will the new PAN card be delivered to me?

The UTIISL or NSDL, as the case may be, will ensure delivery of new PAN card at the address indicated by you in the PAN application form or form for 'Request For New PAN Card Or/ And Changes In PAN Data'

34. I want to pay taxes today but I do not have a PAN?

It takes about 15 days to get a new PAN allotted. However, PAN can be obtained in around 5 days if application is made through Internet and processing fee paid through credit card. It is advisable to initiate action for obtaining PAN will in time.

35. Who should be contacted for inquiries regarding PAN applications?

All such inquiries should be addressed to: 

For UTIISL

The Vice President
IT PAN Processing Centre,
UTI Investor Services Ltd 
Plot No. 3, Sector - 11
CBD_ Belapur 
Navi Mumbai-400 614 
e-mail.- 
utiisl-gsd@mail.utiisl.co.in
Tel No. 022-27561690 
Fax No. 022-27561706 

For NSDL

The Vice President 
Income Tax PAN Services Unit, NSDL
4th Floor, Trade World, A Wing
Kamala Mills Compound,
S. B. Marg, Lower Parel,
Mumbai-400 013 
e-mail.- 
tininfo@nsdl.co.in 
Tel No. 022-2499 4650 
Fax No. 022-2495 0664

Coupon number or Acknowledgement number, as the case may be, should be mentioned in all communications.

Income TaX In India: Frequently Asked Questions and Answers

1. What Is PAN?

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department.

A typical PAN is AABPS1205E.

{Section 139A(7) Expln (b) and (c)}

2. Why Is It Necessary To Have PAN?

It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department.

{Section 139A (5) (a) and (b)}

It is also compulsory to quote PAN in all documents pertaining to financial transactions notified from time-to-time by the Central Board of Direct Taxes. Some such transactions are sale and purchase of immovable property or motor vehicle or payments in cash, of amounts exceeding Rs. 25,000/-to hotels and restaurants or in connection with travel to any foreign country. It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or depositing cash of Rs. 50,000/- or more in a Bank.

{Section 139A (5) (c) read with Rule 114B}

3. How does Income Tax Department ensure that PAN is quoted on transactions mentioned above?

It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the CBDT to ensure that PAN has been duly quoted in the document.

{Section139A (6)}

4. Is it compulsory to quote PAN on return of income?

Yes, it is compulsory to quote PAN on return of income.

5. How will these authorities verify PAN?

A facility for verifying PAN is available on the website of the Income Tax department.

6. Who must have a PAN?

i. All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN.

{Section 139A (1) and (1A)}

ii. Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.

{ Section 139A (5) (c) read with Rule 114B}

iii. The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.

{Section 139A (2) and (3)}

7. Can a person obtain or use more than one PAN?

Obtaining or possessing more than one PAN is against the law.

{Section 139A (7)}

8. Where to apply for PAN?

In order to improve PAN related services, the Income Tax department has authorized UTI Investor Services Ltd (UTIISL) to set up and manage IT PAN Service Centers in all cities or towns where there is an Income Tax office and National Securities Depository Limited (NSDL) to dispense PAN services from TIN Facilitation Centers. For convenience of PAN applicants in big cities, UTIISL has set up more than one IT PAN Service Center and likewise there are more than one TIN Facilitation Centers.

9. How to apply for a PAN? Can an application for PAN be made on plain paper?

PAN application should be made only on Form 49A. A PAN application (Form 49A) can be downloaded from the website of Income Tax department or UTIISL or NSDL (www.incometaxindia.gov.in,www.utiisl.co.in or tin.nsdl.com) or printed by local printers or photocopied (on A4 size 70 GSM paper) or obtained from any other source. The form is also available at IT PAN Service centers and TIN Facilitation centers.

10. Can an application for PAN be made in Form 49A obtained from anywhere?

Yes, PAN application may be made on Form 49A obtained from any source other than IT PAN Service Centers or TIN Facilitation Centers. For instance, a PAN application may be made on form downloaded from the website of Income Tax department or UTIISL or NSDL; or on form printed by local printers or a photocopy of downloaded or printed form.

11. Can an application for PAN be made through Internet?

Yes, application for fresh allotment of PAN can be made through Internet. Further, requests for changes or correction in PAN data or request for new PAN card (for an existing PAN) may also be made through Internet. For more details visit (www.tin-nsdl.com)

12. How do I get a PAN allotted quickly (TATKAL)?

If an application for allotment of PAN is submitted through Internet and payment made through a 'nominated' credit card, the PAN is allotted on priority and communicated through email.

13. How to find an IT PAN Service Center or TIN Facilitation Center?

Location of IT PAN Service Centers or TIN Facilitation Centers in any city may be obtained from local Income Tax Office or any office of UTI/UTIISL or NSDL in that city or from websites of the Income Tax department (www.incometaxindia.gov.in or UTIISL(www.utiisl.co.in) or NSDL (http://tin.nsdl.com)

14. What services are provided by these IT PAN Service Centers or TIN Facilitation Centers?

IT PAN Service Centers or TIN Facilitation Centers will supply PAN application forms (Form 49A) and forms for 'Request For New PAN Card Or/ And Changes In PAN Data', assist the applicant in filling up the form, collect filled form and issue acknowledgement slip. After obtaining PAN from the Income Tax department, UTIISL or NSDL as the case may be, will print the PAN card and deliver it to the applicant.

15. What if I submit incomplete Form 49A?

IT PAN Service Centers or TIN Facilitation Centers shall not receive any incomplete and deficient PAN application. However, these centers will assist applicants to correctly fill up form 49A or 'Request For New PAN Card Or/ And Changes In PAN Data', as the case may be.

16. What documents and information have to be submitted along with the application for Form 49A?

a. Individual applicants will have to affix one recent, coloured photograph (Stamp Size: 3.5 cms x 2.5 cms) on Form 49A;

b. Any one document listed in Rule 114 must be supplied as proof of 'Identity' and 'Address'; and

c. Designation and code of the concerned Assessing Officer of Income Tax department will have to be mentioned in Form 49A.

17. Which documents will serve as proof of 'Identity' in case of Individual applicants, including minors and HUF applicants?

Copy of school leaving certificate or matriculation certificate or degree of a recognized educational institution or depository account or credit card or bank account or water bill or ration card or property tax assessment order or passport or voter identity card or driving license or certificate of identity signed by a MP or an MLA or a Municipal Councilor or a Gazetted Officer;

In case the PAN applicant is a minor, any of above documents of any of the parents or guardian of such minor shall serve as proof of Identity;

In case PAN application is made on behalf of a HUF, any of above documents in respect of Karta of the HUF will serve as proof of Identity.

18. What is proof of 'Address' for Individual applicants, including minors and HUF applicants?

Copy of electricity bill or telephone bill or depository account or credit card or bank account or ration card or employer certificate or passport or voter identity card or property tax assessment order or driving license or rent receipt or certificate of address signed by a MP/ MLA/Municipal Councilor / a Gazetted Officer;

In case the PAN applicant is a minor, any of above documents of any of the parents or guardian of such minor shall serve as proof of Address;

In case PAN application is made on behalf of a HUF, any of above documents in respect of Karta of the HUF will serve as proof of Address.

19. What documents will serve as proof of Identity and Address for other applicants?

Copy of Certificate of Registration issued by the Registrar of Companies or Copy of Certificate of Registration issued by the Registrar of Firms or Copy of Partnership Deed or Copy of Trust deed or Copy of Certificate of Registration Number issued by Charity Commissioner or Copy of Agreement or Copy of Certificate of Registration Number issued by Charity Commissioner or Registrar of Co-operative Society or any other Competent Authority or any other document originating from any Central or State Government Department establishing Identity and Address of such person.

20. How to find 'Assessing Officer code'?

Assessing Officer code may be obtained from Income Tax Office where you submit your return of income. Applicants who have never filed return of income may find out Assessing Officer code with the help of IT PAN Service Center or TIN Facilitation Center or jurisdictional Income Tax Office.

21. Is a photograph compulsory for making an application for PAN?

A photograph is compulsory only in case of 'Individual' applicants.

22. What is the procedure for applicants who cannot sign?

In such cases, Left Hand Thumb impression of the applicant should be affixed on Form 49A or 'Request For New PAN Card Or/ And Changes In PAN Data' at the place meant for signatures and got attested by a Magistrate or a Notary Public or a Gazetted Officer, under official seal and stamp.

23. Is father's name compulsory for female (including married/divorced/widow) applicants?

Only father's name is required to be filled in the PAN application (Form 49A). Female applicants, irrespective of marital status, should write only father's name in the PAN application

24. Is it compulsory to mention telephone numbers on Form 49A?

Telephone number is not compulsory, but if provided it may help in faster communication.

25. Who can apply on behalf of non-resident, minor, lunatic, idiot, and court of wards?

Section 160 of IT Act, 1961 provides that a non-resident, a minor, lunatic, idiot, and court of wards and such other persons may be represented through a Representative Assessee. In such cases, application for PAN will be made by the Representative Assessee.

26. I had applied to the department but I do not know my PAN?

Please contact the Aaykar Sampark Kendra (ASK) at 0124-2438000 (or 95124-2438000 from NCR) or visit the www.incometaxindia.gov.inand go to 'know your PAN'.

27. Are there any charges to be paid at IT PAN Service Centers or TIN Facilitation Centers?

UTIISL and NSDL have been authorized to collect Rs.60 + Service Tax as applicable, per PAN application and this includes cost of a tamper proof PAN card. This amount will have to be paid in cash at IT PAN Service Center or the TIN Facilitation Center.

28. Do you need to apply for a PAN when you move or transfer from one city to another?

Permanent Account Number (PAN), as the name suggests, is a permanent number and does not change during lifetime of PAN holder. Changing the address or city, though, may change the Assessing Officer. Such changes must, therefore, be intimated to nearest IT PAN Service Center or TIN Facilitation Center for required correction in PAN databases of the Income Tax department. These requests will have to be made in a form for 'Request For New PAN Card Or/ And Changes In PAN Data'

29. I had applied to UTITSL/ NSDL a month ago but I have not received my PAN card and I have to file my return of income.

Please contact Aaykar Sampark Kendra (0124-2438000 or 95124-2438000 from NCR) or www.incometaxindia.gov.in or send an email topan@incometaxindia.gov.in.

30. Will the existing PAN cards issued by the Department remain valid?

All PAN allotted and PAN card issued by the Department will remain valid. All persons who have been allotted a PAN need not apply again.

31. Income Tax Department has issued me a PAN card; can I obtain a new tamper proof PAN card?

For obtaining the tamper proof PAN card an application will have to be made in the form for 'Request For New PAN Card Or/ And Changes In PAN Data' to IT PAN Service Center or TIN Facilitation Center, in which existing PAN will have to be indicated and old PAN card surrendered. The payment of Rs.60 + Service Tax as applicable, will also have to be made.

32. I had applied for PAN and received PAN number but have not received the PAN Card?

Apply in the form for 'Request For New PAN Card Or/ And Changes In PAN Data' at any IT PAN Service Center or TIN Facilitation Center quoting the PAN allotted to you.

33. How will the new PAN card be delivered to me?

The UTIISL or NSDL, as the case may be, will ensure delivery of new PAN card at the address indicated by you in the PAN application form or form for 'Request For New PAN Card Or/ And Changes In PAN Data'

34. I want to pay taxes today but I do not have a PAN?

It takes about 15 days to get a new PAN allotted. However, PAN can be obtained in around 5 days if application is made through Internet and processing fee paid through credit card. It is advisable to initiate action for obtaining PAN will in time.

35. Who should be contacted for inquiries regarding PAN applications?

All such inquiries should be addressed to: 

For UTIISL

The Vice President
IT PAN Processing Centre,
UTI Investor Services Ltd 
Plot No. 3, Sector - 11
CBD_ Belapur 
Navi Mumbai-400 614 
e-mail.- utiisl-gsd@mail.utiisl.co.in
Tel No. 022-27561690 
Fax No. 022-27561706 

For NSDL

The Vice President 
Income Tax PAN Services Unit, NSDL
4th Floor, Trade World, A Wing
Kamala Mills Compound,
S. B. Marg, Lower Parel,
Mumbai-400 013 
e-mail.- tininfo@nsdl.co.in 
Tel No. 022-2499 4650 
Fax No. 022-2495 0664

Coupon number or Acknowledgement number, as the case may be, should be mentioned in all communications.

Tata Motors Nano Booking: Dealers Details

Application forms for the online booking of Tata Nano will be available at Tata Motors dealerships, State Bank of India (SBI) branches, Westside, Croma stores (Both Tata Initiatives). Tata Motors is likely to charge around Rs 300 for every application
What will be the interest rates for TATA NANO as auto loan?
The interest rates could be cheaper than the existing auto loan rates.
check out croma stores located in Mumbai, Navi Mumbai, Pune, Ahmedabad & Surat.
After the launch in Mumbai, Nano would be displayed at the company's dealerships from the first week of April, while the bookings would start from the following week. The booking amount is fixed at Rs. 70,000.
At 10:15 am, the company’s shares were trading 5.16 per cent higher at Rs 169.20 on the BSE. The stock surged to a high of 173.85 in the first few minutes of trade.
Want a Nano Don't wait then, book it now.
Presently, Tata Nano will be available for booking through selective chain of Tata Nano Dealers (which are different from existing dealers of other Tata brands) who will start booking Tata Nano from first or second week of April. People can easily learn about all these Tata Nano dealers by visiting nearest Tata dealers
Tata Nano Dealers and Distributers in Hyderabad and Secunderabad

Autofin Ltd.
16-11-1/1/2, Srinivasa Towers,
B/h. HDFC Bank,
New Malakpet,
Hyderabad
Andhra Pradesh


Autofin Ltd.
Near Bowenpally Check Post,
N.H. - 7,
Hyderabad
Andhra Pradesh

Concorde Motors Ltd.
15-127- Nr. L.B. Nagar Circle,
Vijayalakshmi Theatre Complex,
Hyderabad
Andhra Pradesh

Concorde Motors Ltd.
GF - Golden Edifice,
Opp. Visweswarayya Statue,
Hyderabad
Andhra Pradesh

Malik Cars
3-6-422, Street No. 3,
Main Road, Himayatnagar,
Hyderabad
Andhra Pradesh

Malik Cars
Indralok Complex,
Road No.1,
Banjara Hills,
Opp. Taj Banjara,
Hyderabad
Andhra Pradesh
The major problem with Tata Motors is that they do not enough numbers of Tata Nano to sell because of non completion of their Tata Nano plant in Gujarat; therefore, Tata can only book limited numbers of Nanos.

Tata Nano specifications

  • 624cc petrol engine
  • 33BHP
  • 20km per litre mileage, upto 26km per litre on highway
  • 30 liter petrol tank
  • 4 door, 5-seater
  • Rear engine, front boot
  • 4 speed manual gear box
  • On road price expected to be around Rs. 1 lakh 25 thousand
  • front disc brakes and drums in the rear
  • Euro 4 compliant
  • Top speed 90kmph

21% more space than Maruti 800!
Standard model would cost roughly Rs. 1,25,000 onroad

TATA NANO Car
Tata Nano gallery


Nano car pics
Tata Nano Picture
Tata Nano pic gallery

Looks
: Contemporary looks and almost in sync with that of Zen Estilo and Fiat 500. Its length is 3.1 metres, height is 1.6 metres and width is of 1.5 metres.

Engine: The heart of the car is a rear-mounted two cylinder 623 cc, 33 horsepower, all aluminium, multi-point fuel injection petrol engine which can power the car to top speeds of 105 kilometres per hour (65 miles per hour). Fuel Efficiency: The Nano can do a 20 kilometres per litre, or 50 miles per gallon.

Safety: Mr Ratan Tata said the Nano has an all sheet-metal body, with safety features such as crumple zones, intrusion-resistant doors, seat-belts, strong seats and anchorages, and the rear tailgate glass bonded to the body. Tyres are tubeless.

Pollution Compliance: The Peoples Cars tailpipe emission performance exceeds regulatory requirements. In terms of overall pollutants, it has a lower pollution level than two-wheelers being manufactured in the country today. The high fuel efficiency also ensures that the car has low carbon dioxide emissions, thereby providing the twin benefits of an affordable transportation solution with a low carbon footprint. It is Euro III and the engine has the capability of matching Euro IV norms.

Production Target: 250,000 units at present and with plan to scale it to 3,50,000 units.

Price: Standard model price Rs 1,00,000 (2,500 dollars) plus VAT and transport costs, which will put the on-road price at about Rs 1,20,000. The price of two deluxe models that will include air-conditioning and other features will be announced later.

Tuesday, March 17, 2009

Indian Space Research Orgnization (ISRO) finds new Bacteria Species in Stratosphere

The Indian Space Research Organisation (ISRO) announced on Monday that three new species of bacteria had been found in the upper stratosphere. The three species of bacteria, which are not found on the earth and are highly resistant to ultraviolet radiation, have been discovered in the upper stratosphere (more than 15 km above the earth) by Indian scientists during a balloon experiment.
According to ISRO, the balloon experiment was conducted using 26.7 million cubic feet balloon carrying a 459 kg scientific payload soaked in 38 kg of liquid neon which was flown from the national balloon facility in Hyderabad, operated by the Tata Institute of Fundamental Research (TIFR). The payload consisted of a cryosampler containing sixteen evacuated and sterilised stainless steel probes. Throughout the flight, the probes remained immersed in liquid Neon to create a cryopump effect. These cylinders, after collecting air samples from different heights ranging from 20 km to 41 km, were parachuted down and safely retrieved. These samples were analysed by scientists at the Center for Cellular and Molecular Biology, Hyderabad as well as the National Center for Cell Science (NCCS), Pune for independent examination.
The three bacteria have been named Janibacter hoylei after astrophysicist Fred Hoyle, who promoted the theory that life evolved in space; Bacillus isronensis that recognizes the contribution of India’s space agency in the balloon experiments that led to its discovery; and Bacillus aryabhata after India’s ancient astronomer who postulated that the earth revolves around the sun.

Monday, March 2, 2009

Election Commission to announce Lok Sabha election dates today

 The three-member Election Commission is meeting on Monday in New Delhi to finalise dates for the upcoming General Elections.

The final schedule is expected to be announced at around 1530 hrs IST on Monday. The elections are expected to be held in April-May are likely to be held in five to seven phases.

The model code of conduct will come into effect as soon as the election dates are announced.

The EC meeting, being chaired by Chief Election Commissioner N Gopalaswami, is significant because it comes only a day after President Pratibha Patil rejected the CEC's recommendation to remove Election Commissioner Navin Chawla.

Gopalaswami had written a letter to the President for the removal of Chawla as an Election Commissioner sparking off a controversy.

However, the President rejected the recommendation of Gopalaswami after the Law Ministry gave its views on the matter.

Gopalaswami's term ends on April 20, 2009, which means a major part of the elections to the 15th Lok Sabha will be held under Chawla's supervision.

In the 14th Lok Sabha the UPA had 217 members, the NDA 185 while the Left Front had 60 MPs.

Parties like the Bahujan Samaj Party, Telugu Desam Party other smaller parties had 78 members while there were three Independents.