Indian central government has emphasized on linking Aadhaar Card with Permanent Account Number (PAN) Card. It has set 31st July 2017 as the timeline to do so mandatorily. Millions of tax-payers are buzzing about this new provision.
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NRIs without PAN Will Not Be Charged Higher TDS
Indian diaspora is scattered across the globe in big count. Alone, Germany houses 35000 NRIs. In Switzerland, this count is estimated around 13,500. And this figure jumps upto 2,226,585 in the US while in UK, it’s 1,051,800. A mammoth part of Indian population lives abroad. Many of them are still connected to their roots here. Property investment, their capital investment in shares, NPS and other finance schemes paint the apparent picture of their firm connectivity.
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