Know UTI PAN card status

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UTI PAN card status

• BY Ipancardstatus.co.in

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• This is just not practical and can discriminate
  70 of rural buyers, including farmers because
  they're not under tax net and have PAN cards.

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• We also urge the us government to remove pan card
  necessity for jewellery sector and keep
  status-quo on employing tax collected at source
  (TCS) on sales of bullion on Rs 2 lakh and also
  on Rs 5 lakh of jewellery",GJF Chairman Sreedhar
  GV said inside a release issued here.

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• The All India Gems and Jewellery Trade Federation
  (GJF) on Wednesday expressed dissatisfaction in
  the government's decision to create UTI PAN card
  status mandatory on any transaction of Rs 2 lakh
  and above.

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• Unveiling the brand new norms, Revenue Secretary
  Hasmukh Adhia on Tuesday said on purchasing
  jewellery or bullion, a serious source of
  black-money, quoting of PAN will be required in
  the event the sum involved is Rs 2 lakh per
  transaction.

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• The gems and jewellery sector will not be a
  source to draw black money while there is a value
  addition of 15-20 in developing these products,
  while bullion is often a preferred segment for
  investment by black money holders.

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• Echoing similar views, GJF Director Bachhraj
  Bamalwa said"The gems and jewellery sector just
  isn't the generator of black money.

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• As of March 31, 2015, you will find approx 22.3
  crore PAN cards issued in India. Will it be
  justifiable to ask about for a pan card to
  approximately 89-90 from the population, that
  don't possess one", he asked.

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• The government says the move click here is
  required to try to control the number of black
  money inside the system.
• However, All India Gems and Jewellery Trade
  Federation (GJF) director Bachhraj Bamalwa.

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• The Economic Times that this gem and jewelry
  sector hasn't been the generator of black money.
• More than 80 percent with the value of jewelry
  is rock like gold and silver coins which are
  legitimately imported near your vicinity."

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