INCOME TAX

INCOME TAX

HOW TO GET FREE PAN

Yes, it is correct. You may get free pan using services of Income Tax Department. What you need is the just the Aadhar Card with registered mobile number to get the OTP. As Govt wants every citizen to have valid PAN so that he/she can use the same for financial transaction purpose or otherwise, so providing e-PAN as free by…

INCOME TAX

#FACELESS_SCHEME: A NEW FACE OF INCOME TAX DEPTT.

With a view to change its image, now Income Tax Department decides to announce faceless scheme for its stakeholders. Many times, persons feel hesitate to go to Income Tax Offices after receiving the scrutiny notice or order copy of any judgment and there is no need to ask “why”. But this time, IT deptt. has cleared its intention to provide…

INCOME TAX

PAN CARD NOW MANDATORY FOR OPENING ACCOUNT

Now, If you are planning to opening any Bank Account or Post Office Account, you should have a Valid PAN as mandatory document to be attached or should mandatorily giving details in Form 60. As per the Income Tax Department, This will be applicable for any account irrespective of whether that falls into no-frills category or a Jan Dhan account….

INCOME TAX

INCOME TAX RETURN AND ITS BENEFIT

Hello Guys, Here I am to tell you everything about Income Tax Return and its benefit in very simple and easy language. INCOME TAX RETURN The¬†Income Tax Act, 1961, and the Income Tax Rules, 1962, obligates citizens to file returns with the Income Tax Department at the end of every¬†financial year. These returns should be filed before the specified due…

INCOME TAX

RELAXATION FOR VERIFYING THE INCOME TAX RETURNS FOR PREVIOUS YEARS

In order to make a fresh start for all, after various steps taken up under GST, Corporate Law, now Govt has moved towards Direct Tax and provided the relaxations in filing by extending the various due dates. Now, Govt has again come up with a very welcoming step of providing a onetime relaxation for verification of previous years return. Q….

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