Individuals earning a high interest income from a bank fixed deposit (FD) but not filing income tax returns (ITRs) or paying taxes are now under the focus of income tax officials.
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 Aadhaar with PAN made more easy using SMS – Income Tax Department initiative to facilitate Income Tax PAN holders as they will have to declare their Aadhaar in Income Tax Return to be filed on or before 31st July 2017
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
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.