These days, the digital era has arrived. People can transfer money in a blink of an eye with just one click. UPI has given a boost to digital transactions. Meanwhile, many payments are still being made through cheques. If you also transact through cheques, then it is very important for you to know the rules related to it. A small mistake can lead to a big loss. The cheque will also bounce. We are telling you about the rules related to cheques. So that in future there is no mistake of any kind while issuing cheques.

A cheque is a powerful financial instrument. It facilitates the exchange of money. Before signing any cheque, you should know who the person to whom you are giving the cheque is and what is its purpose?

Also Read: Bihar govt is going to give “AYUSHMAAN CARD” to these 58 lakh people

It is very important to sign at the back of this cheque

While issuing a cheque, not all types of cheques are signed on the back. But there are some cheques in which signing on the back is very important. There are bearer cheques in which signing is very important. If you are giving a bearer cheque to someone, then you must sign on the back. On the other hand, if you have an order cheque, then there is no need to sign on the back. Bearer cheque is the one which you have to deposit in the bank. There is no name of any person in it. Therefore, it is necessary to sign on the back.

That is why bearers sign on the back of cheque

If you issue a bearer’s cheque and it gets stolen by mistake, you may suffer a huge loss in such a situation. There is no name of any person in this cheque. Hence, the bank asks you to sign on the back of it. Without signing on the back, the bank does not accept the bearer’s cheque. This ensures that the transaction done through this cheque has been done with your consent. If there is any mistake in this, the bank will not be responsible for it.

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Although there are many people who have more than one bank account. In such a situation, it is very important for people to know that how many bank accounts a person can keep. Let’s know…

Bank account

Actually, banks provide many types of bank accounts. These include savings account, current account, salary account and joint account. Savings account is the main account of the people, in this usually people open an account for savings and this account is the primary bank account for most of the people. Interest is also available in this account.

While banking , current accounts are opened by those people who do business and their transactions are very high. Apart from this, salary accounts are opened by those people, whose salary comes every month. These accounts also have many different benefits and it is not necessary to keep minimum balance in it when regular salary comes. It can also be a temporary account which you can consider closing while changing your job.

Number of bank account

whereas joint account can be a joint account between husband and wife. This account also has its own advantages. On the other hand, there is no limit to the number of bank accounts a person can have in India. People can keep more than one bank account according to their needs.

Net Banking

However, according to financial experts, it is not advisable to open more than three savings accounts because then it can be difficult to manage these accounts. It is also necessary to have a minimum balance in these accounts. On the other hand, if there is no activity in these savings accounts for some time, then the bank account can also be deactivated. In such a situation, the bank account limit should be fixed according to one’s needs, while there is no separate rule from the government to determine the number of bank accounts.

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PAN card

Actually, people should keep in mind that no one in the country has been allowed by law to have duplicate or more than one PAN card. In such a situation, if a person holds more than one or duplicate PAN card, then he may have to face serious problems.

Duplicate PAN Card

Anyone who has more than one or duplicate PAN card can be in big trouble. Actually, many times PAN card can be issued twice due to double application. In such a situation, people should avoid this situation. People may have to face a lot of difficulties if caught. Some individuals may have received the card from the IT department while others may have received it from agencies to whom the work was outsourced.

It seems that in such a situation people will have to cancel one of their PAN cards. Some people may apply for more than one PAN with the intention of deceiving the government or saving money. These are gross violations and will attract fines. There are strict rules regarding holding more than one PAN, with the government imposing a fine of Rs 10,000 on anyone holding a duplicate PAN. This penalty has been imposed under section 272B of the Income Tax Act.

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PAN card is also used for identification and financial transactions, but sometimes people make one or more PAN cards by mistake. This time in the budget, Finance Minister Sitharaman has also made a big announcement regarding the PAN card. In Budget 2023, the Finance Minister has given a new identity to the PAN card. He has said that now the use of PAN card will be common for all. Now you can use PAN card as a Common Identifier. Along with this, any business can also be started with PAN card only.

In such a situation, it is very important that your PAN card remains active. For this, PAN card holders are advised to link their Permanent Account Number (PAN) with Aadhaar card number by June 30, 2023. If you do not link your PAN with Aadhaar before this deadline, then your PAN card can also be deactivated. Along with this, you will also have to pay Rs 1,000 for linking PAN with Aadhaar.

These PAN card holders will have to pay Rs 10,000.

Further, if the person presents a PAN card, which is no longer valid, then under section 272N of the Income Tax Act 1961, the Assessing Officer may direct that such person pay Rs 10,000 as penalty. Will pay an amount of Rs.

Jail can also happen for these reasons.

Many times people make one or more PAN cards by mistake. Although these PAN cards are made only on the basis of correct identity and details, but before 2016 the Income Tax Department had received many complaints. In these complaints, it was revealed that he had more than two PAN cards.

If you also have more than one PAN card, then it would be better for you to surrender them. The Income Tax Department says that if a person has more than one PAN card, then there is a minimum punishment of 6 months and a minimum fine of Rs 10,000. This punishment and fine can both increase.

This is how you can get the link online

First of all go to the website of Income Tax.
Enter the name, PAN number and Aadhaar number as given in the Aadhaar card.
Tick ​​the square if only the year of birth is given in the Aadhaar card.
Now enter the captcha code.
Now click on the Link Aadhaar button,
your PAN will be linked to Aadhaar.

This is how you can link through SMS,

you have to type UIDPAN on your phone. After this, write the 12 digit Aadhaar number. Then write the 10 digit PAN number. Now send the message mentioned in step 1 to 567678 or 56161.

How To Activate Inactive PAN An inactive PAN card can be activated. For this you have to do an SMS. You will have to go to the message box and enter the 10-digit PAN number from your registered mobile, then enter the 12-digit Aadhaar number by giving a space and send an SMS to 567678 or 56161.

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Contact them

If there is any problem in PAN card or have applied for PAN card but it is not received, then NSDL can be contacted for this. In case of non-receipt of PAN card, the National Securities Depository Limited (NSDL) or Income Tax Department can be contacted through any medium.

Contact like this

The Income Tax Department or NSDL can be contacted through any means. Can be contacted through website www.incometaxindia.gov.in and www.tin-nsdl.com . Apart from this, a call can also be made on these numbers (Income Tax Department 1800-180-1961) (SSDL-020-27218080). At the same time, they can be mailed to efilingwebmanager@incometax.gov.in and tininfo@nsdl.co.in through email.

SMS on Apart from this, SMS can also be done on NSDL. For this NSDLPAN <space> Acknowledgment No has to be sent to 57575. In such a situation, for any problem related to PAN card, these departments can be contacted.

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