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The government has relaxed provisions of <keyword id="19948097" type="General" weightage="20" keywordseo="tds" source="keywords">TDS</keyword>/<keyword id="19950203" type="General" weightage="20" keywordseo="tcs" source="keywords">TCS</keyword> in the event of the death of the deductee/collectee before the linkage of PAN and <keyword id="19898107" type="General" weightage="20" keywordseo="aadhaar" source="keywords">Aadhaar</keyword> card. TDS is Tax Deducted at Source and TCS is Tax Collected at Source in India. The Central Board of Direct Taxes (CBDT), has issued a circular dated August 5, in view of genuine difficulties being faced by taxpayers. Through the circular, the government said it has relaxed the provisions of TDS/TCS, as per the Income-tax Act, in the event of death of deductee/collectee before linking of PAN and Aadhaar. In order to redress the grievances of the taxpayers wherein instances have been cited, of demise of the deductee/collectee on or before May 31, 2024 and before the option to link PAN and Aadhaar could have been exercised, the circular provides that there shall be no liability on the deductor/collector to deduct/collect the tax under the relevant section of <keyword id="19936187" type="General" weightage="20" keywordseo="income-tax-act" source="keywords">income tax act</keyword>, pertaining to the transactions entered into up to March 31, 2024. On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for the transactions entered into up to March 2024) to avoid higher TDS/ TCS, as per the income tax act. Under the provisions of the Income-tax Act, 1961, every person who has been allotted a PAN as on July 1, 2017 and is eligible to obtain <keyword id="20030312" type="General" weightage="20" keywordseo="Aadhaar-Number" source="keywords">Aadhaar Number</keyword>, is required to intimate his Aadhaar to the prescribed authority, on payment of a prescribed fee. Failure to do so shall attract certain repercussions under the income tax act. As per government, the PAN of taxpayers who have failed to intimate their Aadhaar, as required, shall become inoperative and the consequences during the period that PAN remains inoperative will be as follows: 1. No refund shall be made against such PANs 2. Interest shall not be payable on such refund for the period during which PAN remains inoperative 3. TDS and TCS shall be deducted /collected at higher rate, as provided in the income tax act.

Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt

<ul><li>The government has warned about a new way <keyword id="19962622" type="General" weightage="20" keywordseo="scammers" source="keywords">scammers</keyword> are trying to obtain <keyword id="20189059" type="General" weightage="20" keywordseo="personal-information" source="keywords">personal information</keyword>.</li><li>Users have reportedly received an SMS asking them to update their PAN to unblock their <keyword id="20417750" type="General" weightage="20" keywordseo="bank-account" source="keywords">bank account</keyword>.</li><li>Here's everything you need to know about the <keyword id="22918614" type="General" weightage="100" keywordseo="fake-PAN-SMS" source="keywords">fake PAN SMS</keyword> and how to stay safe.</li></ul>Increased usage of the internet has also resulted in an increase in <keyword id="20025584" type="General" weightage="20" keywordseo="online-fraud" source="keywords">online fraud</keyword>. Scammers are finding new ways to fool people and steal from them. A new method has now been revealed, which preys on users with an account in <keyword id="19985316" type="General" weightage="20" keywordseo="India-Post-Payments-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="India Post Payments Bank" meta.hostid="261" meta.entityid="India Post Payments Bank">India Post Payments Bank</keyword>. According to a post by PIB Fact Check, several users have received an SMS which claims to be from India Post Payments Bank. However, the message is fake and is an attempt to steal user data. “This claim is #Fake. @IndiaPostOffice never sends any such messages. Never share your personal &amp; bank details with anyone,” PIB Fact Check said in its post on X. <div type="twitter" handle="PIBFactCheck" handlename="PIBFactCheck" favoritecount="0" retweetcount="0" id="1825494609881170290"></div> <h2>What is the fake PAN SMS?</h2> In the SMS, the user is warned that their India Post Payments Bank account has been blocked. It then asks the users to update their PAN to get their account unblocked. The user is then given a link, asking them to click on the link to update their PAN. <div type="Article" hostid="261" msid="111512587" title="Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike" mstype="2" mssubtype="0"></div> The link then redirects the user to a <keyword id="20182216" type="General" weightage="20" keywordseo="phishing" source="keywords">phishing</keyword> page, aimed at stealing user data such as their bank account login details to gain access to their account. Once you enter your bank account login details, they will be sent to the scammer. <h2>What is phishing?</h2>Phishing is a cyber-attack where attackers impersonate legitimate organisations or individuals to trick people into revealing sensitive information like passwords or credit card details. This is usually done through deceptive emails, messages, or fake websites. <h2>How to stay safe from phishing attacks?</h2>Here are some ways you can identify phishing attacks and stay safe: <ul><li>Verify the sender: Check the sender’s email address or phone number carefully. Phishers often use addresses that look similar to legitimate ones but have small differences.</li><li>Look for red flags: Be wary of unexpected messages, especially those requesting sensitive information or containing urgent or threatening language.</li><li>Verify before opening: Only open attachments from trusted sources. Phishing emails often contain malware disguised as legitimate files.</li><li>Add two-factor authentication: Enable two-factor authentication on your accounts. This adds an additional layer of security even if your password is compromised.</li><li>Contact directly: If you receive a request for sensitive information, verify the request by contacting the organisation directly through known and trusted channels.</li><li>Report phishing attempts: Report phishing emails to your email provider or the relevant authorities. This helps in tracking and stopping phishing schemes.</li></ul>SEE ALSO: <a href="https://www.businessinsider.in/tech/how-to/how-to-add-music-to-instagram-profile/articleshow/112732934.cms">You can now add music to your Instagram profile – here's how</a> <a href="https://www.businessinsider.in/business/auto/webstories/2024-tvs-jupiter-vs-honda-activa-6g-which-110cc-scooter-should-you-buy/slidelist/112730069.cms">2024 TVS Jupiter vs Honda Activa 6G – which 110cc scooter should you buy?</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-z9s-pro-vs-moto-edge-50-fusion-which-is-the-best-smartphone-under-25000/slidelist/112703633.cms">iQOO Z9s Pro vs Moto Edge 50 Fusion – which is the best smartphone under ₹25,000?</a>

Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe

The <keyword id="19938467" type="General" weightage="20" keywordseo="deadline" source="keywords">deadline</keyword> for filing your <keyword id="19995225" type="General" weightage="20" keywordseo="income-tax-return" source="keywords">income tax return</keyword> for AY 2024-25 i.e. July 31st is knocking right at your door. If you are yet to file your <keyword id="19897621" type="General" weightage="20" keywordseo="itr" source="keywords">ITR</keyword>, you still have some time. But there are certain things that you must remember and double-check before you click on submit ITR-from picking out the right form to ensuring that all the details you’ve furnished are correct. Read on to know the top five things that you must remember before <keyword id="19942833" type="General" weightage="100" keywordseo="ITR-filing" source="keywords">ITR filing</keyword>. <h2>Linking your PAN with Aadhar is mandatory</h2>Before you file your ITR, ensure that your <keyword id="19985317" type="General" weightage="20" keywordseo="Pan-card" source="keywords">PAN card</keyword> is linked to your <keyword id="19952125" type="General" weightage="20" keywordseo="Aadhar-card" source="keywords">Aadhar card</keyword>. You can’t file your ITR without linking your Pan to Aadhar first. This can be done online. In case you’re wondering whether or not your PAN is linked to your Aadhar card, you can visit <a href="https://eportal.incometax.gov.in/iec/foservices/#/pre-login/verifyYourPAN">this</a> link and verify. However, remember that this process can take up to 6-10 days to complete, so you'll have to jump aboard the belated ITR bandwagon in case you've just initiated the linking process. <h2>Pick the correct form</h2>Choosing the correct form is one of the most important things that you need to keep in mind while filing your ITR. For instance, the ITR-1 form is designed for resident individuals who have income from salary, one house property, and other sources such as interest or dividends, provided their total income does not exceed Rs 50 lakh. On the other hand, ITR-2 is applicable to individuals and Hindu Undivided Families (HUFs) with income from capital gains or foreign assets.<div type="Article" hostid="261" msid="111406215" title="Wondering which ITR form is right for you? Know all about it here" mstype="2" mssubtype="0"></div> ITR-3 is applicable for those who have income from business or professions, or those who are self-employed. ITR-4 is filled by those who opt for presumptive taxation. <h2>Remember to <keyword id="22469557" type="General" weightage="20" keywordseo="e-verify" source="keywords">E-verify</keyword> your return: </h2>Think you're done with your ITR filing? Think again! You will also need to e-verify your return. If the e-verification is not done within 30 days from filing your ITR, it will be rendered invalid, and will be considered as not filed. You will also not receive any refunds in the absence of e-verification of your ITR. You can easily e-verify your ITR via generating an OTP on your mobile number linked with Aadhar, or by generating an electronic verification code (EVC) through your pre-verified bank account or demat account. <h2>Check your documents and details</h2> When you are trying to get things done quickly, it isn’t uncommon to forget double-checking the details entered. Do remember to double-check all the details that you enter in your ITR. Also, filing an ITR requires certain documents like bank statements, investment proofs, <keyword id="19948097" type="General" weightage="20" keywordseo="tds" source="keywords">TDS</keyword> certificates, Form 16 etc. Even though you don’t have to attach these documents in the ITR, you must keep them handy. <div type="Article" hostid="261" msid="111402608" title="ITR filing: Documents you need to file your income tax return" mstype="2" mssubtype="0"></div> <h2>Check income and investment details</h2> If you have just one source of income, the process is easy as you just need to mention that in your ITR. However, if you have <keyword id="22106780" type="General" weightage="20" keywordseo="multiple-sources-of-income" source="keywords">multiple sources of income</keyword>, you need to be careful and mention all of them. Similarly, ensure that you have entered all investment details in the form correctly. Do not forget to mention your interest earned on savings and fixed deposits, dividend income (if any) or income from other sources, since that could lead to hefty penalties.

Five things to remember as you file your ITRs at the last minute

New Delhi, The government might look at enhancing the scrutiny of certain class of corporates, including in terms of <keyword id="19910870" type="General" weightage="20" keywordseo="kyc" source="keywords">KYC</keyword> requirements, as efforts continue to weed out unscrupulous elements and curb possible misdoings, according to a senior official. The matters related to KYC (Know Your Customer), including a simplified and uniform system, are still under discussion, and a committee headed by the finance secretary is looking into various aspects. The senior official on Monday said that various aspects related to having a uniform KYC are being discussed and in the case of the corporate affairs ministry, Permanent Account Number (<keyword id="19939397" type="General" weightage="20" keywordseo="pan" source="keywords">PAN</keyword>) is being used for KYC requirements. The ministry is implementing the companies law and <keyword id="20735098" type="General" weightage="20" keywordseo="limited-liability-partnership" source="keywords">Limited Liability Partnership</keyword> (LLP) Act, among other legislations. Further, the official said enhanced KYC requirements might be explored for certain class of corporates. As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total, 16,65,438 companies, or 63 per cent were active, as per the latest official data. According to the data, a total number of 3,16,402 LLPs were active at the end of January this year. Meanwhile, the ministry-appointed panel is discussing possibilities of having a stricter regulatory regime for startups against the backdrop of instances of corporate governance concerns at some of the entities. The Company Law Committee (CLC), which was set up by the ministry in September 2019, is yet to firm its views and a final decision will be taken after receiving the panel's recommendations, the official said. Over a period of time, the ministry has been clamping down on entities, suspected of carrying out illegal activities. Last week, the <keyword id="20584362" type="General" weightage="20" keywordseo="financial-stability-and-development-council" source="keywords">Financial Stability and Development Council</keyword> (FSDC), chaired by Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword>, discussed strengthening inter-regulatory coordination in the financial sector to support inclusive economic growth. The council also deliberated on prescribing uniform KYC norms, inter-usability of KYC records across the financial sector, and simplification and digitalisation of the KYC process, among others.

Govt may look at enhanced KYC requirements for certain class of corporates

<ul class="summary-list"><li>The Biden campaign enjoyed a substantial fundraising haul in June, taking in $127 million.</li><li>Roughly $38 million came into the campaign's coffers after Biden's poor debate performance.</li></ul>President <a target="_blank" href="https://www.businessinsider.com/biden-knows-debate-did-not-go-well-reaction-trump-2024-6">Joe Biden</a>'s campaign on Tuesday touted a fundraising windfall in June, announcing that it had taken in $127 million in combination with the Democratic National Committee.Of the significant haul, $38 million came in the four days following the president's disastrous debate against Trump, according to the <a target="_blank" href="https://www.nytimes.com/2024/07/02/us/politics/biden-campaign-finance.html">New York Times</a>.While Biden is pointing to the cash influx to <a target="_blank" href="https://www.businessinsider.com/biden-debate-democrats-family-meeting-swing-states-election-2024-7">calm anxieties about his candidacy</a> following his widely panned debate performance against former President Donald Trump, deep-pocketed donors remain on edge.In an attempt to quell nerves from top Democrats and the party's rank-and-file, the Biden campaign released the June fundraising numbers well ahead of the federal filing deadline later this month.The June numbers marked Biden's best fundraising month this cycle, though much of that money came from a star-studded Hollywood event last month, which raked in $28 million and is so far the most lucrative single Democratic Party fundraiser to date. Even so, Biden had a higher haul in June 2020, when he raked in $141 million.Biden campaign chair Jen O'Malley Dillon on Monday held a call with over 500 major donors in an attempt to ensure them that the president can and should continue his campaign, <a target="_blank" href="https://www.politico.com/news/2024/07/02/biden-campaign-fundraising-uptick-debate-00166194">Politico reported</a>.But many donors are still seeking more reassurance from Biden ahead of next month's Democratic National Convention in Chicago. One high-dollar fundraiser told The Washington Post that the <a target="_blank" href="https://www.washingtonpost.com/politics/2024/07/01/biden-skittish-democrats-defections/">sentiment</a> toward the Biden campaign among donors was akin to "Armageddon.""Unless he shakes up the campaign and shows leadership, it's going to be a really, really tough time with money," the fundraiser told the newspaper.Another veteran donor, <a target="_blank" href="https://www.businessinsider.com/biden-donor-giving-cash-waste-of-time-and-money-2024-7">Whitney Tilson</a>, recently said in a post on X that he felt "deceived" and added that if Biden's performance last week was a true reflection of his abilities than it "would be a waste of my time and money" to continue backing him.According to the Biden campaign, almost two-thirds of his June donations came from grassroots donors, and nearly half of those who gave money following the debate did so for the first time. These statistics, aides insist, are evidence of continued support for Biden.Trump has not yet released June fundraising numbers, but he recently <a target="_blank" href="https://www.businessinsider.com/trump-biden-cash-advantage-may-conviction-fundraising-2024-6">erased Biden's financial edge</a>, largely due to a huge stream of donations following his criminal conviction in Manhattan. The ex-president's May fundraising numbers exceeded Biden's June haul, at $141 million compared to $127 million.To date, the Biden campaign has $240 million in the bank. And much of that money is going toward advertisements and offices in key swing states across the country.However, despite the strong numbers from the Biden campaign, many elected Democrats and donors are waiting on post-debate polling numbers to <a target="_blank" href="https://www.businessinsider.com/joe-biden-drop-out-reasons-for-against-2024-7">decide how to proceed</a>.

Biden shares huge June fundraising numbers to calm Democrats after debate disaster &mdash; but donors remain spooked

<ul><li>If you are facing any difficulty in PAN-Aadhaar <keyword id="1321742" type="General" weightage="20" keywordseo="linking" source="Orion">linking</keyword> due to a discrepancy in information, you need to resolve the issue. </li><li>That can be done by updating the relevant information in your <keyword id="144117" type="General" weightage="20" keywordseo="aadhaar" source="Orion">Aadhaar</keyword> and <keyword id="61610" type="General" weightage="20" keywordseo="pan" source="Orion">PAN</keyword> card, either through online channels or by visiting authorised Aadhaar and PAN service providers. </li><li>The IT department has cautioned that if individuals do not link their Aadhaar number with PAN by the due date, their PAN will become <keyword id="2228892" type="General" weightage="20" keywordseo="inoperative" source="Orion">inoperative</keyword>. </li></ul>The Finance Ministry had extended the <keyword id="43355" type="General" weightage="20" keywordseo="deadline" source="Orion">deadline</keyword> to link one’s Permanent Account Number (PAN) with Aadhaar until June 30, 2023. The earlier deadline was March 31. Starting July 1, an individual’s PAN will become inoperative if it is not linked to Aadhaar. To link PAN with Aadhaar, you need to pay a fine of ₹1,000. This can be done on the NSDL portal. It's important to note that the <keyword id="6354751" type="General" weightage="20" keywordseo="income-tax" source="Orion">Income Tax</keyword> department will not process tax returns until your PAN and Aadhaar are linked. <cmsannotation type="cmsannotation" annotationid="Penalty for not linking PAN and Aadhaar" comment="subhead" text="Penalty for not linking PAN and Aadhaar">Penalty for not linking PAN and Aadhaar</cmsannotation> The IT department has cautioned that if individuals do not link their Aadhaar number with PAN by the due date, their PAN will become inoperative. This will restrict them from using PAN for filing returns, processing pending returns, issuing refunds, completing pending proceedings, deducting taxes at a regular rate, and may also create challenges with banks and financial platforms due to PAN's significance as a vital know-your-customer (KYC) criterion for financial transactions. Not being able to file returns will be a serious handicap as the last day for filing returns is July 31. Also, as per Section 272B of the Income Tax Act, if an individual fails to quote or furnish her PAN as required by the Income Tax Law, a penalty of ₹10,000 can be levied. This penalty can be imposed for each instance of non-compliance with the PAN quoting requirement. <cmsannotation type="cmsannotation" annotationid="subhead" text="Resolving discrepancies">Resolving discrepancies</cmsannotation> The IT department recently acknowledged in a tweet that many individuals are encountering difficulties when attempting to link their PAN-Aadhaar due to discrepancies in name, date of birth and gender. The department suggests individuals update any relevant information in their Aadhaar and PAN card either through online channels or by visiting authorised Aadhaar and PAN service providers. The tweet also highlights an additional measure taken to facilitate the linking process: the introduction of biometric-based authentication, which can be accessed at dedicated centres of PAN Service Providers (Protean &amp; UTIITSL). According to the Unique Identification Authority of India (UIDAI), updating address details on Aadhaar can be done online through the Self Service Update Portal (SSUP). However, for updating other details such as demographic information (name, address, date of birth, gender, mobile number, email) and biometrics (fingerprints, iris and photograph) in Aadhaar, it is necessary to visit a Permanent Enrolment Centre. PAN details can be updated by visiting the National Securities Depository Limited (NSDL) PAN website - onlineservices.nsdl.com/ or the UTI Infrastructure Technology And Services Limited (UTIITSL) website- pan.utiitsl.com.

Only 2 days left to link PAN with Aadhaar – Missing the deadline will lead to PAN deactivation and more

<ul class="summary-list"><li>I make a good living as a freelance writer, but I still have debt and financial anxiety.</li><li>There are some emotional reasons behind my financial habits and I recently sought help for both.</li></ul>Last year, I made $250,000 before taxes as a self-employed writer, yet I'm still in debt. While I could justify my financial situation easily — living in an expensive city like New York makes my $250,000 pre-tax income <a target="_blank" href="https://www.businessinsider.com/making-six-figure-salary-in-new-york-feels-like-36k-2023-3">feel like about $90,000</a> after taxes — I also realized this spring that I have underlying emotional reasons that keep me stuck in negative financial patterns, and I'm ready to change them. My debt is a hangover from my childhood trust issues. It's my biggest barrier to intimacy and keeps me stuck in a <keyword id="18761161" type="General" weightage="20" keywordseo="peter-pan-like" source="Orion">Peter Pan-like</keyword> cycle of never being ready for the life I want. So, this spring, I made a big adult move: I hired my first financial planner, a couples-focused money counselor and licensed therapist named <a target="_blank" href="https://www.healthyloveandmoney.com/">Ed Coambs,</a> who writes and speaks about the connection between money and emotional intimacy. So why did a couples-focused financial planner agree to meet with me — a single, childless, 33-year-old with debt and trust issues? He said that working with me still counts as working with a couple because clearing my money shame will help me become more emotionally available to an equally stable partner. And, like all good therapy, my journey started with getting honest. <h2>What financial intimacy feels like — and why it's so scary</h2>Before we ever talked about his fees or services, <keyword id="18761159" type="General" weightage="80" keywordseo="coambs" source="Orion">Coambs</keyword> offered me two free one-hour <keyword id="10296" type="General" weightage="50" keywordseo="zoom" source="Orion">Zoom</keyword> sessions to discuss the process of working one-on-one with a financial planner. Unpracticed in sharing details about my finances with someone, I was nervous. He asked me about my financial goals and habits, along with a few questions meant to uncover my deeper financial beliefs. He inquired about the positive lessons I picked up from my family of origin, along with any limiting notions or knowledge gaps. During our conversation, I felt wary and doubtful, a reaction I'd also experienced before while dating. As someone working through abandonment and trust issues, I often scrutinize my dates, searching for reasons to reject them preemptively. But what if there was another approach — in both dating and other contexts? Rather than let my fears rule the show, I made a list of questions for Coambs and interviewed five other planners to compare my options. Unlike the child who felt abandoned, I realized I now had adult tools to advocate for myself. Coambs respected my questions, answered them thoughtfully, and emphasized that the choice ultimately lay with me. As I signed off Zoom that day, I realized I would only see progress with a financial planner if I showed up with courage and sincerity. <h2>Working with a fee-only financial planner</h2>I ended up hiring Coambs. He is a <a target="_blank" href="https://www.businessinsider.com/personal-finance/fee-only-financial-advisor">fee-only fiduciary,</a> meaning he doesn't profit from any investments he recommends, but instead charges a straightforward flat rate for our work together. (A tip for anyone <a target="_blank" href="https://www.businessinsider.com/personal-finance/why-hire-fee-only-financial-advisor-2019-6">hiring their first financial planner</a>: A fee-only structure is meant to avoid conflicts of interest.) When I hired him in July 2023, Coambs' rate was on a sliding scale based on a client's income and financial standing. It started at $5,000 a year plus 1% of the client's overall net worth. My payment, Coambs informed me, could be broken into monthly, quarterly, or annual installments. I chose the quarterly option. <h2>Thinking ahead and designing your life</h2>Though $5,000 may seem like a steep fee for someone new to financial planning, it is significantly less than the price I've already paid for trying to manage my money alone for the past two years as a sole proprietor without support. In my first two years of self-employment, I've missed out on opportunities for tax savings while paying interest on debt that I've tried repeatedly to pay off. As Coambs reminded me, now that I am capable of making $250,000 a year (or more!), I could make $1 million in revenue over the next four years. The opportunity cost of not properly planning what to do with a million dollars is steep. In four years, I don't want to still be living in my small studio apartment, paying off debt, and feeling confused about how much I owe in taxes; I want to have a healthy savings account, a growing retirement fund, and a home where I feel excited to start a family. <h2>How to forgive yourself for past — or current — financial mistakes</h2>Despite my new enthusiasm, there was one step I was dreading: After our preliminary meetings, I would have to link my accounts to Coambs' financial-planning software. I was embarrassed. He would soon see all my account balances, including my debt. I'm still paying off <a target="_blank" href="https://www.businessinsider.com/personal-finance/graduate-school-worth-student-loans-its-complicated-2019-7">five figures in student loans</a> I took out between 2015 to 2017. I also racked up some credit-card and personal-loan debt when I quit my job to freelance full time in 2021. Though I surpassed my revenue expectations in my first two years of self-employment, I also spent money on what felt like failed experiments: signing up for an expensive mastermind program that didn't actually help me, impulse purchasing logos on Fiverr, paying a website designer and copywriter for an idea before testing the proof-of-concept, hiring an assistant for two months without a plan for making back my return on investment — you get the idea. A lot of trial and error is involved with running your own business. Sensing my embarrassment, Coambs asked me to describe my feelings. I said I felt ashamed that I — a financial journalist — could have spent years reporting on money-related topics without applying that knowledge to my personal situation and becoming debt-free. He reminded me how normal it is for human beings to learn concepts intellectually before actually practicing them in their life and acknowledged my integrity for seeking support to improve my situation. He also introduced the human-capital theory to me, which is an economic theory that validates the choice to use debt to pay for experiences that help us grow. Given that much of my debt comes from education and funding my business, this shifted my perspective and helped me release some of my shame. <h2>Covering my financial-planning basics</h2>Once Coambs and I began to clear my lingering money shame, we focused on financial-planning basics. Though we're still early in our work together, we've outlined a plan with a few key focus areas: <h3>Understanding my 'financial attachment' style</h3>I have an <a target="_blank" href="https://www.insider.com/guides/health/mental-health/anxious-attachment-style">anxious attachment style</a> in personal relationships, and I'll admit my money-management style is also fraught with anxiety. According to Coambs, those with an anxious attachment style may have trouble saving money or even accrue debt because of impulsive decisions made from an underlying fear that money will "abandon" us or run out. In a traditional financial-planning session, I'd probably internalize all of my anxiety and focus only on the numbers. But in sessions with a licensed therapist and certified financial planner like Coambs, clients are encouraged to talk through their feelings. It's easier to make intentional decisions once we neutralize the doom-and-gloom scenarios living rent-free in our minds. <h3>Tax planning as a self-employed freelancer</h3>As a self-employed freelancer, one of my first priorities is going to be setting up my business in tax-incentivized ways, saving for taxes every month, and paying them in quarterly installments. <h3>Saving for retirement</h3>With the days of an employer matching my 401(k) behind me, retirement planning is also going to be one of my top financial-planning priorities in 2024. After talking with a fellow self-employed creator, I realized I was paying almost double in taxes as an individual than what I would have if I'd <a target="_blank" href="https://www.businessinsider.com/how-to-know-elect-s-corporation-status-freelancer-taxes-2022-1">filed for S-corporation status</a>, which is something I'm bringing to my work with Coambs to plan better for 2024. <h3>Diversifying revenue streams</h3>Though I don't know exactly what my future holds, I know I'd like the ability to scale back my working hours in the next few years when I'm ready to become a parent. I will need to set up some income streams that are less tied to my productivity, whether they be real estate, digital products, or investment vehicles. Coambs and I have not begun to discuss the specifics, but this is definitely on my to-do list. <h2>Becoming more financially transparent — and more emotionally available</h2>Working with a therapy-informed financial planner is good practice for letting another human being into my emotional and financial worlds. Having a financial plan is also a huge confidence boost when dating. I feel less embarrassed about my past, more sure-footed about my future, and certain of the value (financial and otherwise) I will bring to a potential partnership. And as someone <a target="_blank" href="https://www.insider.com/spouse-partner-helping-teach-me-about-budgeting-2023-9">still paying off debt</a>, I know I won't need my partner to save me. Rather, I'm looking for someone to cheer me on and be my emotional confidant as I walk the path I've created independently — and maybe, with time, that path will merge with theirs.

I make $250K a year but still have financial anxiety and debt. A financial therapist is helping me let go of my shame — and set myself up for the future.

<ul><li>You can go to the <keyword id="6354751" type="General" weightage="20" keywordseo="Income-Tax" source="Orion">Income Tax</keyword> India website and link your <keyword id="61610" type="General" weightage="100" keywordseo="pan" source="Orion">PAN</keyword> with <keyword id="144117" type="General" weightage="80" keywordseo="aadhaar" source="Orion">Aadhaar</keyword> by paying a late fee of ₹1,000. </li><li>The site to <keyword id="4949857" type="General" weightage="80" keywordseo="link-pan-and-Aadhaar" source="Orion">link PAN and Aadhaar</keyword> has crashed and is currently not functioning. </li><li>The deadline to link PAN and Aadhaar is likely to be extended by a few months.</li></ul>The deadline for linking PAN and Aadhaar has been extended to June 30, 2023. If it is not done within that time, the <keyword id="74488" type="General" weightage="20" keywordseo="pan-Card" source="Orion">PAN card</keyword> will become inoperative according to a tweet by the official Twitter handle of Income Tax India. If your PAN becomes inoperative, you will not be able to use it for various purposes, like filing ITR returns. However, you need to pay a late fee of ₹1,000 before you request the PAN/Aadhaar link. The earlier deadline to link PAN and Aadhaar without a fine was 31 March, 2022. <cmsannotation type="cmsannotation" annotationid="How to check whether your PAN and Aadhar is link status" comment="subhead2" text="How to check whether your PAN and Aadhar is link status">How to check whether your PAN and Aadhar is link status</cmsannotation> If you have already linked your PAN and Aadhaar and want to check the status, here are the steps to follow. 1. Go to the Income Tax e-filing portal: <a href="https://www.incometax.gov.in/iec/foportal/">https://www.incometax.gov.in/iec/foportal/</a> 2. Under ‘Quick Links’ click on ‘Link Aadhaar status’. 3. Enter your 10-digit PAN number and 12-digit Aadhaar number. Then click on ‘View Link Aadhaar Status’. 4. If your PAN is linked to Aadhaar, the confirmation will be displayed on your screen. 5. If the PAN Aadhaar link is in progress, the message ‘Your Aadhaar-PAN linking request has been sent to UIDAI for validation’ will be displayed. 6. When your PAN is not linked to Aadhaar, you will see the following message — ‘PAN not linked with Aadhaar. Please click on ‘Link Aadhaar’. Alternatively, you can also check the status by messaging IDPAN SPACE 12 digit Aadhaar SPACE 10 digit PAN to 567678. <cmsannotation type="cmsannotation" annotationid="How to pay the late fee?" comment="subhead2" text="How to pay the late fee?">How to pay the late fee?</cmsannotation> The fee payment for PAN-Aadhaar Linkage needs to be made through e-Pay Tax functionality available on e-filing Portal. You can check for the list of authorized banks by navigating to e-Pay tax functionality. If you have a bank account which is authorized for e-Pay tax, please follow below steps: 1. Visit e-Filing portal Home page and click on Link Aadhaar in Quick Links section. 2. Enter your PAN and Aadhaar Number. 3. Click on ‘Continue to Pay Through e-Pay Tax’. 4. Enter your PAN, Confirm PAN and Mobile number to receive OTP. 5. Post OTP verification, you will be redirected to e-Pay Tax page. 6. Click on Proceed on the Income Tax Tile. 7. Select AY 2023-24 and Type of Payment – as other Receipts (500) and continue. 8. Enter the amount as ₹1,000 under “Others” field in tax break-up and proceed with further steps. If your bank is not authorized then you need to make the payment through a different link under e-Pay Tax functionality. <cmsannotation type="cmsannotation" annotationid="Steps to link PAN and Aadhaar" comment="subhead2" text="Steps to link PAN and Aadhaar">Steps to link PAN and Aadhaar</cmsannotation> PAN and Aadhaar can be linked online by following the below steps: 1. Open the Income Tax e-filing portal - <a href="https://incometaxindiaefiling.gov.in/">https://incometaxindiaefiling.gov.in/</a> 2. Register on it (if not already done). Your PAN (Permanent Account Number) will be your user ID. 3. Log in by entering the User ID, password and date of birth. 4. A pop up window will appear, prompting you to link your PAN with Aadhaar. If not, go to ‘Profile Settings’ on the Menu bar and click on ‘Link Aadhaar’. 5. Details such as name and date of birth and gender will already be mentioned as per the PAN details. 6. Verify the PAN details on screen with the ones mentioned on your Aadhaar. Please note that if there is a mismatch, you need to get the same corrected in either of the documents. 7. If the details match, enter your Aadhaar number and click on the “link now” button. 8. A pop-up message will inform you that your Aadhaar has been successfully linked to your PAN. 9. You may also visit <a href="https://www.utiitsl.com/">https://www.utiitsl.com/</a> OR <a href="https://www.egov-nsdl.co.in/">https://www.egov-nsdl.co.in/</a> to link your PAN and Aadhaar. As mentioned, your PAN card will become inoperative if you miss the deadline. However, the income tax site has crashed and Twitter is full of complaints from people who are not able to check the status or link their PAN and Aadhaar card. Many are also complaining that they cannot complete the process even after they have made a payment and are being shown a variety of errors. For those who have not linked PAN to Aadhar, it should be done as a top priority. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/employees-provident-fund-interest-rate-fixed-at-8-15-for-2022-23/articleshow/99054357.cms">Employees' provident fund interest rate fixed at 8.15% for 2022-23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/ipl-2023-schedule-timing-streaming-venues-new-rules-and-more-you-need-to-know/slidelist/99052565.cms">IPL 2023 – schedule, how to watch IPL for free, venues, new rules and more</a>

All you need to know about linking Aadhaar to PAN

<ul><li>Many important <keyword id="35448" type="General" weightage="20" keywordseo="personal-finance" source="Orion">personal finance</keyword> deadlines fall in June, so it is important to tick them off your list. </li><li>Missing these deadlines can lead to accounts becoming inactive, tax filing issues, or fines. </li><li>Nomination deadlines for your mutual funds, trading and demat accounts are 30 September. </li></ul>June 2023 is the deadline for many important personal finance tasks that need to be completed. For many of these, the deadlines have been extended after past deadlines expired. It is important to tick them off your list as soon as possible to avoid account deactivation, fines or other consequences. Here are the upcoming deadlines you need to be aware of. <keyword id="61610" type="General" weightage="80" keywordseo="pan" source="Orion">PAN</keyword> <keyword id="144117" type="General" weightage="80" keywordseo="aadhaar" source="Orion">Aadhaar</keyword> link The Finance Ministry has extended the deadline to link your Permanent Account Number (PAN) with Aadhaar until June 30, 2023, from the earlier deadline of March 31. However, starting July 1, an individual’s PAN will become inoperative if it is not linked to Aadhaar. If you have missed the previous deadlines, you still have the option to link your PAN with Aadhaar, but now you will have to pay a fine of ₹1,000. This can be done on the NSDL portal. It's important to note that the Income Tax department will not process tax returns until PAN and Aadhaar are linked. Update Aadhaar for free The Unique Identification Authority of <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> (UIDAI) announced free updates for Aadhaar documents in March so that individuals could update any information on their Aadhaar card, e.g address, etc. However, this free service is only available till June 14. After this period, such updates need to be done through physical Aadhar centers, which charge a fee of ₹50 for document updates. To update Aadhaar documents, you can use the <a href="https://myaadhaar.uidai.gov.in/">myAadhaar</a> portal. Apply for higher pension under EPF The deadline for applying for a higher EPF pension is June 26. Subscribers to the Employee Provident Fund (EPF) can now contribute more towards their pension beyond the salary limit of ₹15,000 per month. Both the employee and the employer can jointly request the EPFO to deduct 8.33% of the higher monthly basic salary. This allows for a larger accumulation towards the pension fund over the course of their working years. Bank locker agreement The <keyword id="6354335" type="General" weightage="50" keywordseo="reserve-bank-of-india" source="Orion">Reserve Bank of India</keyword> (RBI) has set a new deadline for banks to update their locker agreements. It is required for banks to prepare the locker agreement on stamp paper, with the banks being responsible for providing the stamp paper at no cost to the customers. The revised agreement is designed to protect the interests of locker holders, by promoting transparency and providing clear information on the terms and conditions governing the use of the locker facility. By December 31, 2023, banks are mandated to complete the phased renewal of these agreements. The RBI expects banks to achieve 50% enrollment by June 30, and 75% enrollment by September 30. If you have received a message from your bank, you need to complete the formalities as soon as possible. Payment of advance tax In India, salaried individuals, self-employed professionals and businesses whose estimated tax liability for the financial year exceeds ₹10,000 are required to pay advance tax in installments during the year. If you are a salaried employee, the employer will deduct the required taxes and you do not need to pay advance tax if you do not have any other source of income. Advance tax has to be paid in four installments, the first installment of 15%, needs to be paid by June 15. Mutual fund, trading and demat account nomination deadline This is not in June. As per regulatory guidelines, investors are required to mention nominees for their fund folios or notify the fund house of their decision to opt out of nominations by September 30. This ensures that appropriate arrangements are in place for the transfer of assets in case of the investor's demise, and thus it is important. The earlier deadline was 31 March. The deadline for mentioning nominees for trading and demat accounts is also September 30. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/stock-markets-snap-four-day-gaining-streak-on-weak-global-cues/articleshow/100647217.cms">Stock markets snap four-day gaining streak on weak global cues</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/fitch-ratings-revises-outlook-on-oyos-long-term-issuer-ratings-to-positive-from-stable/articleshow/100649463.cms">Fitch Ratings revises outlook on OYO's long-term issuer ratings to 'positive' from 'stable'</a>

Five personal finance deadlines you can’t afford to miss in June

<ul><li><keyword id="3489555" type="PERSON" weightage="20" keywordseo="upstox">Upstox</keyword>, the second largest stock broker in India, has suffered a massive data breach.</li><li>This breach has exposed user data like Aadhaar, PAN, bank account numbers and more.</li><li>While Upstox did not comment on the data leak, it said it has upgraded its security systems ‘manifold’ on the recommendations of a global cyber-security firm.</li></ul> Popular discount broker Upstox has suffered a massive data breach that has exposed some important data like Aadhaar, PAN and bank account numbers, apart from other personally identifiable information like mobile numbers and email addresses. Upstox is a Delhi-based discount stock broker that allows its customers to buy and sell shares. It is backed by Tiger Global and has over <a href="https://economictimes.indiatimes.com/markets/stocks/news/what-made-upstox-indias-second-largest-stockbroker-after-zerodha/articleshow/78745921.cms">1 million customers</a>. “We have upgraded our security systems manifold recently, on the recommendations of a global cyber-security firm. We brought in the expertise of this globally renowned firm after we received emails claiming unauthorised access into our database,” Upstox <a href="https://upstox.com/announcements/customer-support/security-measures/">said</a> on its website, reacting to reports of the data breach. The company said that despite the data breach, the funds and shares of its customers are safe. This is for two reasons – funds in your Upstox account can only be withdrawn to the linked bank account, and the shares are held with the depositories – either Central Depositories Services India Ltd (CDSL) or National Securities Depository Ltd (NSDL) – and not with Upstox. With that being said, Upstox users have other things to be worried about. Security researcher Rajshekhar Rajaharia, who <a href="https://www.businessinsider.in/tech/news/over-100-million-debit-and-credit-card-users-data-has-been-leaked-online-from-payments-processor-juspay-amazon-and-swiggy/articleshow/80096472.cms">had earlier tipped Business Insider about Juspay</a> and MobiKwik data breaches, told us that the <keyword id="11082460" type="UNKNOWN" weightage="20" keywordseo="Upstox-data-breach">Upstox data breach</keyword> includes Aadhaar, PAN, passport, bank account numbers, mobile numbers and even the photos of signatures. This data could be used by hackers or malicious parties to impersonate users and transact on their behalf without the users’ knowledge. According to Rajaharia, the Upstox data breach was executed due to a compromised Amazon Web Service (AWS) key used by the company. He says that the same AWS key vulnerability was exploited in the MobiKwik data breach as well. Rajaharia shared a data sample with us – the sample revealed user details as reported in the breach. However, we could not verify the authenticity of the sample. The hacking group, ShinyHunter, has taken down the data for now. Upstox is the latest in Indian companies being targeted by hackers The Upstox data breach is the latest in a string of Indian companies being hacked – the most recent ones were MobiKwik, Juspay, ClickIndia, ChqBook, WedMeGood, among others. However, this time around, the Upstox data breach could be a result of its own folly. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/over-100-million-debit-and-credit-card-users-data-has-been-leaked-online-from-payments-processor-juspay-amazon-and-swiggy/articleshow/80096472.cms">The company that processes payments for Amazon and Swiggy has reported a data leak of over 100 million debit and credit cardholders</a> <a href="https://www.businessinsider.in/tech/news/these-were-the-biggest-cyber-attacks-of-2020/slidelist/79941232.cms">From FireEye to Twitter to Covid-19 vaccine research ⁠— these were the biggest cyber attacks of 2020</a>

Discount broker Upstox suffers data breach – Aadhaar, PAN and bank account numbers leaked

<ul><li>The IPO of Devyani International opened on August 4 and closed on August 6.</li><li>Devyani International Limited is the largest franchisee of <keyword id="268892" type="COMPANY" weightage="20" keywordseo="Yum-Brands">Yum brands</keyword> in India.</li><li>The IPO had received a good response from investors given it was subscribed 116.69 times on the last day of bidding.</li></ul>The allotment status of the initial public offering (IPO) of Devyani International Limited, which ended on 6 August 2021 is to be finalised on August 11, 2021. The size of the IPO is ₹1400 crore. The refund will be initiated on August 12 and the shares will be credited to the account on August 13. The price band of the shares was ₹86-90. The company will likely be listed on August 16, 2021. An initial public offering is the sale of a company’s initial stock to the general public. To invest in an IPO, an individual should own a demat or trading account. Devyani International is the largest franchisee for Costa coffee, <keyword id="6376241" type="ORGANIZATION" weightage="20" keywordseo="kfc">KFC</keyword> and <keyword id="58553" type="COMPANY" weightage="20" keywordseo="Pizza-Hut">Pizza Hut</keyword> stores in India. The IPO had received good response from investors given it was subscribed 116.69 times on the last day of the bidding. There are two websites to check the <keyword id="11263285" type="UNKNOWN" weightage="20" keywordseo="devyani-international-ipo">Devyani International IPO</keyword> allotment. One is through the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE</a> website and the other is through the <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">Link Intime</a> website. How to check Devyani International IPO allotment at Linkintime? <ul><li>Log in to the <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">Link Intime</a> website.</li><li>Select the IPO name (Devyani International IPO). </li><li>Choose the option from <keyword id="437599" type="PERSON" weightage="20" keywordseo="PAN-number">Pan Number</keyword>, Application Number or Demat Account number.</li><li>Add the details as per your selection.</li><li>Click on the search button to see the Devyani International IPO allotment.</li></ul>How to check Devyani International IPO Allotment at BSE? <ul><li>Log in to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE</a> website in the same way. </li><li>Select the issue type as Equity and the IPO name as Devyani International Limited. </li><li>After typing the application number and pan number, click on the search button to view the Devyani IPO allotment.</li></ul>This can be done through your demat account by checking the credited shares in the account. Or it can be checked through the bank account from which you applied. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/freshtohome-and-bluestone-backer-iron-pillar-is-planning-to-bring-assets-worth-1-billion-under-management/articleshow/85161486.cms">FreshtoHome and BlueStone-backer Iron Pillar is planning to bring assets worth $1 billion under managemen</a> <a href="https://www.businessinsider.in/tech/news/google-is-now-using-chrome-as-another-security-layer-for-account-sign-ins/articleshow/84975356.cms">Google is now using Chrome as an added security layer for account sign-ins</a>

Devyani International IPO: Here’s how to check the allotment status and more

<ul><li>People will be able to block and track their lost or stolen mobile phones across India with the rollout of a tracking system by the government this week.</li><li>The system is ready and now it will be deployed across India in this quarter. This will enable people to block and track their lost mobile phones.</li><li>Telecom operators and CEIR system will have visibility into IMEI number of the device and mobile number linked to it.</li></ul> People will be able to block and track their lost or stolen mobile phones across India with the rollout of a tracking system by the government this week, a senior government official said. Technology development body Centre for Department of Telematics (CDoT) has been running the pilot of the CEIR system in some of the telecom circles, including Delhi, Maharashtra, Karnataka, and North East region, and the system is now ready for pan-India deployment, a DoT official, who did not wish to be identified, told PTI. "CEIR system is scheduled for pan-India launch on May 17," the official said. When contacted, Chief Executive Officer and Chairman Project Board at CDoT Rajkumar Upadhyay did not confirm the date but confirmed that the technology is ready for pan-India deployment. "The system is ready and now it will be deployed across India in this quarter. This will enable people to block and track their lost mobile phones," Upadhyay said. CDoT has been able to add features to check the use of cloned mobile phones across all telecom networks. The government has made it mandatory to disclose IMEI -- a 15-digit unique numeric identifier -- of mobile devices before their sale in India. The mobile networks will have access to the list of approved IMEI numbers which will check the entry of any unauthorised mobile phones on their network. Telecom operators and CEIR system will have visibility into IMEI number of the device and mobile number linked to it, and the information is being used in some states to track your lost or stolen mobiles through CEIR. "One of the common practices is that miscreants change IMEI number of stolen mobile phones which prevents tracking and blocking of such handsets. It was a national security issue. The CEIR will be able to block any cloned mobile phones on the network with the help of various databases," Upadhyay said. The basic purpose of CEIR is to ease reporting of stolen and lost mobiles and block the use of mobiles all over the country. This will discourage the theft of mobile phones, enable the tracing of the stolen and lost mobiles to the police, detection of cloned or counterfeit mobiles, restrict the use of such cloned mobiles, as well as protect the interest of the consumers by making them aware of the information related to fake and cloned mobile phones. Recently, Karnataka Police recovered and handed over more than 2,500 lost mobile phones to their owners using the CEIR system. Apple already has a system to track lost mobile phones with the help of Apple ID but major issues have been around Android mobile phones. With the new system in place, it will be futile to use stolen mobile phones. "The system has an in-built mechanism which will also check the smuggling of phones and help the government from revenue loss to the exchequer as well," Upadhyay added. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/how-to-block-your-lost-or-stolen-phone-and-how-to-unblock-it/articleshow/99207569.cms">How to block your lost or stolen phone and how to unblock it</a> <a href="https://www.businessinsider.in/tech/news/8-things-that-google-bard-can-do-but-chatgpt-cannot/articleshow/100187360.cms">8 things that Google Bard can do, but ChatGPT cannot</a> <a href="https://www.businessinsider.in/tech/mobile/news/survey-reveals-three-out-of-four-indians-suffer-from-nomophobia-heres-what-it-means/articleshow/100073985.cms">Survey reveals three out of four Indians suffer from NoMoPhobia: Here’s what it means</a>

You Searched For "PAN number" and got 12 results

Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt

ANI

Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe

Sourabh Jain

Five things to remember as you file your ITRs at the last minute

Divyanshi Sharma

Govt may look at enhanced KYC requirements for certain class of corporates

PTI

Biden shares huge June fundraising numbers to calm Democrats after debate disaster but donors remain spooked

Alice Tecotzky,John L. Dorman

Only 2 days left to link PAN with Aadhaar – Missing the deadline will lead to PAN deactivation and more

Anagh Pal

I make $250K a year but still have financial anxiety and debt. A financial therapist is helping me let go of my shame — and set myself up for the future.

Megan DeMatteo

All you need to know about linking Aadhaar to PAN

Anagh Pal

Five personal finance deadlines you can’t afford to miss in June

Anagh Pal

Discount broker Upstox suffers data breach – Aadhaar, PAN and bank account numbers leaked

Rounak Jain

Devyani International IPO: Here’s how to check the allotment status and more

Mona Pachake

Govt to roll out lost mobile blocking, tracking system pan-India on May 17

PTI

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