|AS per the circular no 321 the additional procedure for acceptance of proof of address alongwith PAN applications received from Individuals and HUF are as under:|
1. While accepting "Application for allotment of PAN (Form 49A)" if both the addresses (residence and office) are mentioned in the application form and office address has been selected as communication address, then POA has to be collected for residence as well as office address.
2. While accepting "Request for New PAN card or/and changes or correction in PAN data" applications, proof of all addresses provided in the application have to be collected.
3. Documents as per Rule 114(4) of Income Tax Rules will only be accepted as valid proof for both the abovesaid addresses.
4. Both proof of addresses will have to be in the name of applicant and should contain the name in the expanded form as given in the application. The exception provided for ration card communicated vide our circular TFCID/TIN/08/255 dated February 18, 2008 will continue to be applicable.
We hereby informed that the above will be effective for all PAN applications received on or after November 1, 2009.
CONTENTS SR. NO. CHAPTER PAGE NO. INTRODUCTION STOCK & RECEIVABLES AUDIT VERIFICATION OF STOCK & DEBTORS PROCEDURE OF STOCK AUDIT VERIFICATION OF SECURITIES ANALYTICAL REVIEW INTERNAL CONTROL QUESTIONNAIRE STOCK b) BOOK DEBTS LIST OF DOCUMENTS TAKEN AS WORKING PAPERS SPECIMEN INSPECTION REPORT SPECIMEN MANAGEMENT REPRESENTATION LETTER CHAPTER 1 INTRODUCTION: Banking is an important sector of the economy of any country and for the development of the economy a healthy banking system is a must. After the liberalization of the economy, the banking system has undergone a total change in India. There is hard competition in the banking industry to survive in the current circumstances. With the purpose to have better financial discipline & to ensure uniformity in accounting norms RBI introduced the concept of assetclassification & income recognition as per the recommendations of Narasimhan Committee. It was also suggested to classify the advances given by banks into Performing & Non Perfor…