NIC Asia Bank Requests Customers to Update PAN for Tax Compliance
Summary
NIC Asia Bank has requested customers to update their Permanent Account Number (PAN) through various channels to comply with Nepal's Income Tax Act and facilitate tax deduction processes.
Key Points
- NIC Asia Bank urges customers to update their Permanent Account Number (PAN) for tax compliance under Nepal’s Income Tax Act, 2058.
- Customers can update their PAN via the bank's online portal, mobile app, or by visiting any branch.
- Updating PAN allows automatic matching of E-TDS details with Income Tax schedules and simplifies issuance of tax certificates.
- The bank is not responsible for tax reporting failures if customers do not update their PAN and has provided customer service contacts for assistance.
