Income Tax Articles

Reactivating an Inoperative PAN: Timeframe and Process Explained

Rashmi 07 July 2023 at 09:04

This article provides step-by-step instructions on how to link PAN with Aadhaar and check the linking status.

Consequences of an Inoperative PAN: 15 Financial Transactions You Can't Do Without PAN-Aadhaar Linkage

Rashmi 05 July 2023 at 14:20

The government introduced the Permanent Account Number (PAN) to make it easier to access taxpayer information and match it with their investments, loans, and business activities. This helps detect and prevent tax evasion and broaden the tax base.

Guidelines on TCS for Foreign Remittances under the Liberalised Remittance Scheme (LRS)

Rashmi 03 July 2023 at 14:17

On June 30, 2023, the Ministry of Finance released detailed guidelines regarding the applicability of Tax Collection at Source (TCS) on various foreign remittances under the Liberalised Remittance Scheme (LRS).

How to Authorize/Register as Representative on Income Tax e-Filing website

Shivani 01 July 2023 at 17:27

To avail the "Authorize/Register as Representative" service on the e-Filing portal, you need to meet the following prerequisites

Form 16A

Niyati 01 July 2023 at 16:25

Form 16A is a certificate that is issued under the provisions of the Income Tax Act, 1961.

PAN-Aadhaar Linking Deadline: Link Your PAN and Aadhaar Today to Avoid Inconvenience

Rashmi 30 June 2023 at 14:16

The deadline to link your PAN and Aadhaar is today, June 30, 2023. If you don't link them by today, your PAN will become inactive. This means you can't use your PAN for things like filing your taxes, getting a refund, or opening a bank account.

Tax Compliance Tracker for the month of July 2023

CS Lalit Rajput 30 June 2023 at 09:10

Tax Compliance Tracker - July 2023

Income Tax in India : Guide to Filing Income Tax Return And Its Forms

Shivani 29 June 2023 at 17:31

An income tax return is a form that individuals, businesses, or other entities file with the government to report their income, deductions, and tax liabilities. It summarizes the financial information for a specific period, typically a year, and calculates the amount of tax owed or the refund due to the taxpayer.

Enhancing Clarity and Flexibility: Revised TCS Policy in India

CA. Heet Shah 29 June 2023 at 09:02

This write-up aims to outline the revised policy and highlight its impact on stakeholders by addressing their concerns.

Key Changes in ITR Forms for Filing Income Tax Returns: What Taxpayers Need to Know

Rashmi 28 June 2023 at 17:19

The income-tax return filing season is here, and taxpayers need to be aware of some changes in the ITR forms compared to last year.