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
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
The government has changed income tax rules that could increase the tax outgo of those who have taken a home loan for a property that has been rented out.
The taxman will seek data on deposits made by an assessee during the demonetisation period as part of the simplified Income Tax Return (ITRs) forms.
A crisp income tax form for salaried individuals will be introduced from April 1, doing away with some columns to simplify the filing of returns.
Officials said the website irsofficersonline.gov.in was hacked late evening and a message posted on the wall of the portal read “Pak Cyber Thunders.
Starting from April 1, 2017, some income tax laws will change. Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017.
The Income Tax Department on Friday warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to 7 years.
CTBT Press Release on Income Tax Department’s Operation Clean Money gets Overwhelming Response
In step with government’s digital India drive, the Income Tax department is developing an app that will soon allow assessees to pay taxes or apply for PAN using smartphones.
Although the basic income tax exemption limit remains the same at Rs. 2.5 lakh, there are many exemptions available in the Income Tax Act.