Income Tax Payment

Income Tax Department on Wednesday said that it would launch a new e-filing portal. The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing income tax returns(ITR) for FY 2020-21 (AY 2021-22) to September…

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…

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…

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…

There are so many people that ask me this questions – Why should I file my Tax returns, if I have already paid my taxes. Infact, many wrongly believe that there is no need to file the tax returns at all. This is a completely wrong…

Starting from April 1, 2010, if your total income falls under any of the taxable slab, you are required to quote Permanent Account Number (PAN) in your financial transactions. Budget 2009-10 makes it mandatory to quote your PAN number in…