PayPal Ask Us to Give PAN NUMBER

Good helpful information you have suggested-

 

if in near future more this much strict measures coming i dont think india will ever succeed in Online Business

who knows tomorrow IT will say to charge 12% Service Tax on all credit card transactions lolzz

 

For me no phone # was asked only PAN# was asked and its accepted.

 

So now we all need to file our IT returns every year even if our income is less than 1.6 lacs.

Just not right...

 

The way our tax administration department is upgrading itself, you would have anyway been required to do so... if not now, then perhaps sometime in future.
It is better to get your house in order... before somebody else forces you to do so!

Regards,

RightMan

 

Now RBI will monitor our all payment transaction and recover payable tax thats why RBI ordered to paypal to collect pan no from indian paypal users.

 

It is not just about tax, as I mentioned before - the terrorism, money laundering etc too.

 

yes there is no other reason for collecting PAN no.Paypal Should have better started providing Prepaid Debit Card like Epassporte does.So RBI wont be able to interfere in between

 

I think i found out some major problem which is why it is affecting Paypal user verification

My surname as shown in https://incometaxindiaefiling.gov.in/portal/knowpan.do is "Adithya Uday"
The thing is it should have been only Uday
Surname is equivalent to last name ..

My first name should be Adithya
Last Name should be Uday
But Last name/Surname in PAN details itself is Adithya Uday

Please everyone check this minor detail ...
Surname should match with the LAST NAME OF YOUR PAYPAL ACCOUNT

Normally PAN cards are issued with the help of agents like UTI who just asks the proofs and they will fill the form them self..
This caused all these problems ...

And the card name,letter all are addressed as Adithya Uday itself so you can know whats wrong only by
https://incometaxindiaefiling.gov.in/portal/knowpan.do itself

 

RBI wants to feeds it's ministers and other higher authorities. Also, Software professionals pay the maximum tax to the Govt but then why don't we see improvements in our infrastructure. If USA has heavy taxes, then they have better amenities for people and also have multiple ways of earning for everyone, whereas in India, you try to evade tax mainly because the money does not get to the real purpose but to the pockets of the ministers. Now, what do you call this, money laundering or not?

 

Just found this new update when I logged into my Paypal today. Entered Pan card No and they accepted it. However The payment withdraw request i did 2 days ago is still pending which normally shows as completed in older days.

Hope everything is fine and I will get payment within 4-5 days.

 

Yes Paypal asking for PAN card no. now and giving us pain regularly one by one. I think they will provide this to our government and then they will deduct Tax from our payments. If this will happen then I am not ready for this and will move to Alertpay or moneybooker.

 

I think tomorrow they might even ask for passport to be faxed to them.

Days going on really hurting everyone

 

me too added sucessfully

 

and you really think that RBI won't do the same with all the other processors? then Be it Alertpay, moneybookers or anything else!
Wonder why PAN card is pain in *** for you, it hardly takes 8-10 days to get one. Play safe, stay safe if you're serious about online business and freelance income.

 

My PAN number was accepted. Mine is more than 7 years old. I think paypal does not have the latest database of numbers.
This is the problem with Indian govt. they do not do anything in a proper phased manner. Almost all changes
will be abrupt. RBI is not above the law and if there actions directly affects the citizens they must have the obligations
to notify us directly. A monthly newsletter or postings on their site would be fine.

But than, they hire people with zero experience in maintaining customer centric websites.

It was ok till they dealt with banks. But now their rules and regulations are directly affecting the common people.
So the least they could do is to be a bit more forthcoming and open about the changes they are
fomenting in their bureaucratic labyrinths.

 

Guys, I just logged in without entering my PAN. When it asks for PAN, just click on the paypal logo to go to your account.

 

one other problem - i entered PAN, it was accepted - but where do i change the PAN in paypal? i searched everywhere and cant seem to find this.

 

Same here.I think you can not change it