Under the new income tax rules, Finance Minister, Nirmala Sitharaman, announced new PAN Card and Aadhar Card rules. PAN cards and Aadhaar cards will be made interchangeable soon. This means that taxpayers will need either an Aadhaar card or PAN card to file their… Read More ›
It is a common misconception among people that Permanent Account Number (PAN) is applicable only for individuals above 18 years of age. Citizens still do not have clarity that the Income Tax Department, does allow parents or guardians to apply… Read More ›
ITR Filing for Business: Here’s a guide on how to file ITR, income tax rates and the due date for e-filing for Business. Filing business tax returns is essentially the process by which a business has to report its income… Read More ›
Here is a look at the tax proposals announced in both the budgets and their tax impact on your pocket. The year 2019 has seen the central government present the Union Budget twice. The interim budget was presented in February,… Read More ›
The year 2019 has seen the central government present the Union Budget twice. The interim budget was presented in February, and after its sweeping victory in the general elections, the BJP-led government presented the full budget on July 5. Both… Read More ›
The Income Tax Department has on its website – incometaxindia.gov.in – listed various ways for the income tax assessees to link their Aadhaar with PAN. Source: NDTV “Link your Aadhaar with PAN today to enjoy seamless income tax services online.”… Read More ›
Additional taxes may become payable due to deduction of insufficient TDS or when interest income or income from some other sources are added to main source of income. Never submit ITR with the tax payable, which will most likely attract… Read More ›
The tax department starts the refund process only after the ITR is verified and the refund amount is paid if the claim of refund is accepted by the department. The refund amount, along with interest, will be paid either… Read More ›