Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | No PAN needed for people outside income tax bracket: Karnataka High Court-M Padmakshan    </title>
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People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below..."/>
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People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below..." />
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                            <br /><div align="justify">People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below the taxable limit. Section 206 AA of the Income-Tax Act, which became effective from assessment year 2010-11, makes it mandatory for every person to furnish PAN in their transactions with banks and financial institutions.<br /><br />The High Court order, given out early this month, was on a writ petition filed by A Kowsalya and two other small investors, who had made investments in financial institutions (FIs). They do not have any income other than the income received from FIs and they have declared this under Form 15G. Form 15G is usually used for declaring that a person's income is below taxable limit, and therefore, the bank or FI is not required to deduct tax at source while making payments.<br /><br />FI s, however, told the petitioners that tax would be deducted at source if they do not furnish PAN as required under section 206AA of the Income-Tax Act. The petitioners have challenged the validity of Section 206AA of the Income-tax Act as they find it arbitrary and in violation of Article 14 of the Indian constitution.<br /><br />Under section 139A of the I-T Act, only persons whose income is chargeable to tax are required to obtain a PAN. But section 206AA compels even those without a taxable income to obtain a PAN, failing which tax will be deducted at source. The High Court observed that lack of PAN discourages the poor and the illiterate to make small investments. The HC further observed that persons whose income is below the taxable limit need not have a PAN and also they need not furnish income tax declaration/returns. The poor and illiterate would find it difficult to approach the I-T authorities, or other government authorities to get PAN, the high court observed. <br /></div>                                                           
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        LATEST NEWS UPDATES | No PAN needed for people outside income tax bracket: Karnataka High Court-M Padmakshan    </title>
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People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below..."/>
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People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below..." />
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    <h1 class="cat-box-title">No PAN needed for people outside income tax bracket: Karnataka High Court-M Padmakshan</h1>
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                            <br /><div align="justify">People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below the taxable limit. Section 206 AA of the Income-Tax Act, which became effective from assessment year 2010-11, makes it mandatory for every person to furnish PAN in their transactions with banks and financial institutions.<br /><br />The High Court order, given out early this month, was on a writ petition filed by A Kowsalya and two other small investors, who had made investments in financial institutions (FIs). They do not have any income other than the income received from FIs and they have declared this under Form 15G. Form 15G is usually used for declaring that a person's income is below taxable limit, and therefore, the bank or FI is not required to deduct tax at source while making payments.<br /><br />FI s, however, told the petitioners that tax would be deducted at source if they do not furnish PAN as required under section 206AA of the Income-Tax Act. The petitioners have challenged the validity of Section 206AA of the Income-tax Act as they find it arbitrary and in violation of Article 14 of the Indian constitution.<br /><br />Under section 139A of the I-T Act, only persons whose income is chargeable to tax are required to obtain a PAN. But section 206AA compels even those without a taxable income to obtain a PAN, failing which tax will be deducted at source. The High Court observed that lack of PAN discourages the poor and the illiterate to make small investments. The HC further observed that persons whose income is below the taxable limit need not have a PAN and also they need not furnish income tax declaration/returns. The poor and illiterate would find it difficult to approach the I-T authorities, or other government authorities to get PAN, the high court observed. <br /></div>                                                           
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        LATEST NEWS UPDATES | No PAN needed for people outside income tax bracket: Karnataka High Court-M Padmakshan    </title>
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People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below..."/>
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People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below..." />
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    <h1 class="cat-box-title">No PAN needed for people outside income tax bracket: Karnataka High Court-M Padmakshan</h1>
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                            <br /><div align="justify">People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below the taxable limit. Section 206 AA of the Income-Tax Act, which became effective from assessment year 2010-11, makes it mandatory for every person to furnish PAN in their transactions with banks and financial institutions.<br /><br />The High Court order, given out early this month, was on a writ petition filed by A Kowsalya and two other small investors, who had made investments in financial institutions (FIs). They do not have any income other than the income received from FIs and they have declared this under Form 15G. Form 15G is usually used for declaring that a person's income is below taxable limit, and therefore, the bank or FI is not required to deduct tax at source while making payments.<br /><br />FI s, however, told the petitioners that tax would be deducted at source if they do not furnish PAN as required under section 206AA of the Income-Tax Act. The petitioners have challenged the validity of Section 206AA of the Income-tax Act as they find it arbitrary and in violation of Article 14 of the Indian constitution.<br /><br />Under section 139A of the I-T Act, only persons whose income is chargeable to tax are required to obtain a PAN. But section 206AA compels even those without a taxable income to obtain a PAN, failing which tax will be deducted at source. The High Court observed that lack of PAN discourages the poor and the illiterate to make small investments. The HC further observed that persons whose income is below the taxable limit need not have a PAN and also they need not furnish income tax declaration/returns. The poor and illiterate would find it difficult to approach the I-T authorities, or other government authorities to get PAN, the high court observed. <br /></div>                                                           
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No PAN needed for people outside income tax bracket: Karnataka High Court-M Padmakshan

Published on Jun 22, 2012   Modified on Jun 22, 2012

People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below the taxable limit. Section 206 AA of the Income-Tax Act, which became effective from assessment year 2010-11, makes it mandatory for every person to furnish PAN in their transactions with banks and financial institutions. The High Court order, given out early this month, was on a writ petition filed by A Kowsalya and two other small investors, who had made investments in financial institutions (FIs). They do not have any income other than the income received from FIs and they have declared this under Form 15G. Form 15G is usually used for declaring that a person's income is below taxable limit, and therefore, the bank or FI is not required to deduct tax at source while making payments. FI s, however, told the petitioners that tax would be deducted at source if they do not furnish PAN as required under section 206AA of the Income-Tax Act. The petitioners have challenged the validity of Section 206AA of the Income-tax Act as they find it arbitrary and in violation of Article 14 of the Indian constitution. Under section 139A of the I-T Act, only persons whose income is chargeable to tax are required to obtain a PAN. But section 206AA compels even those without a taxable income to obtain a PAN, failing which tax will be deducted at source. The High Court observed that lack of PAN discourages the poor and the illiterate to make small investments. The HC further observed that persons whose income is below the taxable limit need not have a PAN and also they need not furnish income tax declaration/returns. The poor and illiterate would find it difficult to approach the I-T authorities, or other government authorities to get PAN, the high court observed.

The Economic Times, 22 June, 2012, http://economictimes.indiatimes.com/news/economy/policy/no-pan-needed-for-people-outside-income-tax-bracket-karnataka-high-court/articleshow/14327757.cms

Tagged with: Financial Inclusion Governance Poverty

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