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Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017 There are some complaints that the taxpayers are not being able to log on to the e-filing website of Income Tax Department or not being able to link Aadhaar with PAN because of different names reflected in […]
Procedure of intimating AADHAAR number to Income Tax Department by (PAN) holder and quoting of the same in PAN applications F.No. DGET(S)/DIT(S)-1/Aadhaar Sceding/0005/20151Part GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME-TAX(SYSTEMS) Notification 7 of 2017 New Delhi. Dated: 29.06.2017 Subject :- Procedure of intimating AADHAAR number to Income Tax Department by Permanent […]
Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961 – Exemption thereof CIRCULAR No. 18/2017 F. No. 385/01/2015-IT (B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi Dated:29.05.2017 Subject: Requirement of […]
Income Tax (IT) Department simplifies linking PAN with Aadhaar for taxpayers using Income Tax India website Ministry of Finance 11-May, 2017 16:55 IST Income Tax (IT) Department simplifies linking PAN with Aadhaar for taxpayers using Income Tax India website No need to login or be registered on the E-filing website for linking The Income Tax […]
Latest & Best 3 Tax mobile Apps to File Returns Online In India Year End is over and it’s the time to file your Income Tax Return. This year there are plenty of changes which has been made by Income Tax Department like a) AADHAAR Number mandatory for filing the return b) Cash Deposit of […]
What is considered as salary income? section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. What are allowances? Are all allowances taxable? Allowances are fixed […]
Ceiling on IT for salaried persons should be raised to Rs 7.5 lakh: AIBEA to Jaitley The ceiling on Income Tax for salaried persons should be raised upwards to Rs 7.5 lakh with exclusion of fringe benefits like housing, medical and educational facilities. The IT rate above Rs 7.5 lakh and upto Rs 12 lakh […]
CBDT extends the date for filing income tax return for Assessment Year 2016- 2017 from July 31st to August 5th, 2016 As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016- 2017 from 31st July, 2016 to […]
Release of E-filing of Income Tax Returns (ITR) and other forms In pursuance of the Notification of the Income Tax Returns (ITR) for AY 2016-17 on March 31st, 2016, Central Board of Direct Taxes (CBDT)announces the release of electronic filing of ITRs 1 and 4S on its website https://incometaxindiaefiling.gov.in. Other ITRs will be e-enabled shortly. […]
Request to Taxpayers to Avail Facility for Online Rectification Income-tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record under section 154 of the Act. The e-filing portal of the Income Tax Department provides the utility for online filing and tracking of rectification requests. Taxpayers who are not satisfied […]