Income Tax 2017-18 (Assessment Year 2018-19) – Income Tax Structure, Exemption and Deductions available to Personal Income Tax Payers
Income or Loss on House Property Calculation – From the Financial Year 2017-18 Section 24 of Income Tax Act allows only Rs. 2 lakh as Exempted income / Loss allowed to deducted from Income in respect of Interest paid on Housing Loan even in the case of House Property is rented out.
Linking Aadhaar to PAN – Procedure of intimating AADHAAR number to Income Tax Department by (PAN) holder and quoting of the same in PAN applications
Linking of Aadhaar with PAN is must for existing PAN holders – Supreme Court upholds Income Tax Provision by which declaring Aadhaar details in Income Tax Return is mandated
Linking of Aadhaar with PAN – Income Tax Department launches much easier method now – Facility available in the home of Income Tax E-filing website and accessed without the need to login.
Income Tax exemption benefit on Housing Loan Interest – Frequently Asked Questions – Income Tax Department Published clarification
FAQ on Income Tax – Frequently Asked Questions compiled by Income Tax Department Income Tax
Income Tax for Senior Citizens – Frequently Asked Questions – What are the benefits available to a senior citizen and very senior citizen in respect of tax rates?
Compliance of Income Tax Act and Aadhaar Act for Data Sharing – Compliance of the IT Act, 2000 and Aadhaar Act, 2016 – Finance Ministry Circular
Income Tax Department, Govt of India Income Tax Returns – Frequently Asked Questions – Do’s and Dont’s published by Income Tax Department
How to file ITR-1 Online ? – Income Tax 2016-17 (A.Year 2017-18) – Easy Steps to file Income Tax Return online for Salaried Class Employees
The Central Board of Direct Taxes (CBDT) has notified new income tax return filing forms for 2017-18. An easy to understand, single page form named “Sahaj”.
Only individuals having salaried income/one house property income/ bank interest income/ any other income stand to benefit.
Mandatory Quoting of Aadhaar For PAN Applications & Filing Return of Income Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017
Recent rulings from income tax tribunals on house rent allowance or HRA claims have brought the tax rebate to the fore.