To identify each Indian taxpayer, the Income Tax Department is issuing Permanent Account Number (PAN), which serves as unique taxpayer identification number. PAN was introduced by ITD with the objective of improving tax compliance in the country by individuals and corporations through non-intrusive monitoring. The PAN card is also recognised as a valid form of identification for both Indian residents and NRIs. 

The Indian Government is gearing up to transform the agriculture sector with a groundbreaking initiative – the Digital Public Infrastructure (DPI) for Agriculture. This project, announced in the recent Union Budget, aims to empower farmers and revolutionise agricultural practices through the power of technology. 

This is a game-changer that promises to transform the sector. But what exactly is DPI, and how will it benefit farmers?

On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25. In a series of financial reforms, the government has unveiled significant changes aimed at revitalizing key sectors including agriculture, pension systems, and individual tax structures. Here, we will explore the budget's significant highlights and impact on taxpayers.

The National Pension System or NPS allows you to plan for a tension-free post-retirement life after the age of 60. Anyone can opt for this scheme and make a normal exit by utilising at least 40% of their corpus to purchase an annuity plan. The remaining 60% can be withdrawn as a lump sum. In this blog, you will learn about the various rules associated with NPS exit and methods set for all NPS subscribers. 

In today’s digital world, most educational institutions seek the necessity to incorporate new technology into operating educational and administrative levels. Students, teachers and parents are even becoming tech-aware, and most of their communication takes place digitally through computers, mobile phones or tablets. 

PAN, or permanent account number, is a specific 10-digit alphanumeric identifier assigned to each taxpayer by the Income Tax Department and overseen by the Central Board of Direct Taxes. 

It also functions as identification verification. PAN is required for financial activities such as earning taxable pay or professional fees, selling or buying assets above defined limitations, purchasing mutual funds, and so forth.

Over the years banks and other financial organisations have adopted digitisation that further improved their relationship with clients. Digital documentation procedures are very convenient and cut off the pressure of reaching the financial institution physically. With eSignPro, the ultimate digital documentation suite, you can accomplish signing, stamping and sharing important documents from anywhere and anytime. 

Banks and other financial institutions have implemented digitisation over time, strengthening client relationships. Digital paperwork processes are quite convenient and minimise the pressure of physically visiting the financial institution. That is why Protean launched eSignPro, with which you can sign, mark, and share crucial papers from anywhere at any time.