income tax department

4 Lakh Taxpayers Will Be Checked Via Faceless Tax Assessment; No Corruption! Taking a leap towards India’s dream of being digital is the Income Tax Department who has employed a cutting edge faceless tax assessment scheme in India. …

New Tax Slabs Soon: 10% For Income B/W Rs 5 Lakh & Rs 10 Lakh A high-level tax force set up by the government submitted a report to the Finance Ministry on new Direct Tax Code, earlier this month. This report brings in radical…

How To Match Your Names In Both Aadhaar & PAN Card The Aadhaar Card has become one of the most important identity proofs available to an Indian citizen and recently it was made mandatory to link the IT Department’s Permanent Account…

Fake rent receipts will not work now Its funny how Indians are mastered in finding out a loophole in every record. It turns out that many tax payers submit fake rent receipts, inspite of owning a house in the same city. This is done in…

Not Filing Income Tax Returns? You Will Be Jailed The deadline to issue Form 16 to file an Income Tax Return (ITR) has been extended to 31 July, while the initial deadline was 10 July. Unfortunately, if you plan on filing the ITR by the…

If you think that getting into a government job means doing as you like and not contributing towards the well being of the country, you might want to reconsider your train of thoughts. The Narendra Modi government has officially…

Tax Evaders To Face Prosecution The Income Tax Department is now determined to not let go tax evaders go easily. The rules have all changed and the IT Department is going to crack down on any tax offenders. The new rules set by the…

Income Tax Nabs Tax Evader With Satellite Images There are two types of people in the world: those who pay taxes on time and then there those who, without a care, don't bother about taxes and find convenient ways to evade them. However,…

Its been a long time since the Government of India has announced the interlinking of PAN card and Aadhaar card mandatory for every resident of India. The last date for this linking was declared to be 31st March 2019. However, the date has…

Its been a long time since the Government of India announced that linking of PAN and Aadhaar card is mandatory. And for those who haven't linked their Aadhaar card to PAN card yet, 31st March 2019 has been declared as the last date to do…