Income tax filing

Banks Will Deduct Tax From Your Cash Withdrawal By Checking Income Tax Returns Sounds Scary! Isn't it? Now there is no running away for tax collectors anymore as they have imposed these rules. How Does It Work? So, consider the…

Income Tax Officers Ordered To Work From Home & Catch Tax Evaders; But Is This Ethically Correct? The Income-Tax Department has asked field formations to contact large taxpayers over phone or email to follow up on pending…

Coronavirus: ATM Cash Withdrawal Becomes Free; Income Tax Filing Date Extended, No Need To Link PAN-Aadhaar By March 31 In view of the coronavirus outbreak, Govt of India and Finance Ministry has announced several new measures to help…

Income Tax Dept Launches e-Calculator For Finding Out Tax You Need To Pay: Compare Old & New Tax Rates As per the reports, the Income-Tax Department has launched an e-calculator for individuals to estimate their tax liability if…

Income Tax Dept Releases List Of Official Email IDs, SMS IDs To Stop Frauds, Scams (Complete List Here) As per the reports, the income tax department has released a list of all email ids, SMS sender ids and even websites used by the…

97,000 Indians Earn More Than Rs 1 Crore Did you know that more than 97000 people in our country have a taxable income of more than Rs. 1 crore in 2017-18? And that this number was very less 81,344 in the AY 2017-18? Yes, this is…

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. …

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…

The last day of filing tax returns, 31 July, isn’t far away and if you are one of those who wait until the last minute, you aren’t alone. Every year in July, there is a last-minute scramble among assesses to file income tax returns.…

Government needs money, and it needs it really badly to fill its coffers. The deficit situation in Indian is not getting better even after taking multiple measures including stake sale of PSU companies. Now, it has turned its attention…