Recently Government reported that it has cancelled more than 11.5 lakhs PAN Card in a bid to weed out duplicate and fake cards. As per Income Tax Laws one person can hold only one PAN Card. However it was found that there had been multiple duplicate PAN cards issued to same person. Also there were […] Continue reading →
A lot of tax payers who had filed their return for AY 2017-18 have received email from [email protected] with subject “Communication u/s 143(1)(a) for PAN XXXxxxxxXX for the A.Y. 2017-18”. The email reads as follows: The PDF attachment is a notice from Income Tax Department with Subject “Communication of proposed adjustment u/s 143(1)(a) of Income […] Continue reading →
Until now you could link your PAN number to aadhaar online or through SMS. Some people were still facing issue mainly due to name mismatch or different date of birth. The good news now you can fill offline form to link PAN to aadhaar. Form for linking PAN number to aadhaar The government has notified […] Continue reading →
The government of India has made it mandatory to link your PAN card with Aadhaar Number. In case you do not do so by July 1, 2017 your PAN card would be invalid, which means you might not be able to file your tax returns. We had already written about How to link your PAN […] Continue reading →
The government of India has made it mandatory to link your PAN card with Aadhaar Number. In case you do not do so by July 1, 2017 your PAN card would be invalid. We give you step by step instructions on how you can link your PAN card to Aadhaar. The form has changed – […] Continue reading →
The only thing most taxpayers look forward in Budget is income tax changes and how it would impact them. Budget 2017 has been a mixed bag as far as income tax is concerned. During the budget speech Finance Minister announced lowering of taxes for income between Rs 2.5 lakhs to Rs 5 lakhs to 5% […] Continue reading →
Your income from salary, business or other income like income from fixed/recurring deposits etc are taxed as per income tax slabs. Budget 2017 has made slight changes to the tax slab rates: Tax reduced from 10% to 5% for Income from Rs 2,50,000 – Rs 5,00,000 Rs 2,500 or 100% rebate in income tax (whichever is […] Continue reading →
Budget 2015 has made No change in the income tax slab. However it has increased the surcharge from 12% to 15% applicable for income above Rs 1 crore. Income Tax Slabs: There is NO separate tax slab for men and women. Earlier women used to have slight benefit over men in terms of lower taxes! […] Continue reading →
Income tax for individual is what most tax payers want to know in Budget. In Budget 2016, the finance minister has made little changes to this. We highlight the changes and give you the new tax calculator for FY 2016-17 [AY 2017-18]. Changes in Income Tax Rules: 1. There has been no change in the […] Continue reading →