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Reliance Jio IPO: India's Biggest IPO Coming Soon? Valuation, ARPU, and Latest News

  New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process.   Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
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If you have more than one PAN Card, you may have to pay a heavy fine.

If you have more than one PAN card, you may have to pay a heavy fine.

 

PAN Card is the most important financial identity card in India. The Income Tax Department of the country issues an alpha-numeric number of 10 digits. This is needed by any Indian taxpayer. Also, PAN Card is also mandatory for transactions or purchases over a certain amount. However, there are many people in the country who have more than one PAN Card. However, according to Income Tax Department rules, no person is allowed to have more than one PAN Card. Some people deliberately apply for a new PAN Card in case of CIBIL malfunction. At the same time, some people get a new PAN Card made to reduce tax liability.

 

Similarly, some people inadvertently keep more than one PAN Card. For example, in case of loss of PAN Card, some people apply for a new card instead of applying for duplicate and get a new card. At the same time, some women apply for a new PAN Card after marriage for any change in their name or surname.

                              

However, irrespective of the reason, it is illegal to have more than one PAN Card and the Income Tax Department can impose a fine of up to Rs 10,000 on you. Under Section 139A (7) of the Income Tax Act, a person who has already been allotted a PAN Card, cannot apply for a new permanent account number and cannot have more than one PAN Card. At the same time, under Section 272B of the Income Tax Act, a person not complying with Section 139A can be fined up to Rs 10,000.


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