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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more