Know Your PAN by DOB & Name 2019 – Verify Online

know your pan

Sometime you find difficulty to find your PAN number i.e forget your PAN number, lost PAN number and want to know PAN online by one click. So you can do this only by entering your date of birth, last name and mobile number. It is a service itself provided by income tax department officially. Here … Read more

Tax Calendar F.Y.2018-19: Due Dates GST & Income Tax (Jan 2019)

Tax Calendar 2018, Income Tax – GST Deadlines: Find all the income tax & GST due dates, last dates, deadlines for the period from 1-4-2018 to 31-3-2019 (F.Y.2018-19). The due dates includes all TDS Returns, TDS Statements, income tax returns, income tax payments & TDS certificates along with form name and period. The assessee can … Read more

How to link Aadhaar Card with PAN Online? Last Date is 31-03-2019

linking with aadhar with pan 1

The income tax department wants to reduce the manual work regarding e-filing and to reduce the tax evasion. As per the notification issued by the IT department, linking of Aadhaar Card with the PAN is compulsory for every assessee. The last date of linking Aadhaar card with PAN is 31st Aug, 2017. Link PAN Card … Read more

All About Senior Citizen Savings Scheme

Senior citizen scheme is a deposit scheme for elders or you can say that it’s a best option of getting future return so that you don’t have to depend on others at the at the age of retirement.  Generally, retirement brings lot of troubles and barriers for future matters. This scheme is initiated by Government … Read more

CBDT Releases Direct Tax Statistics

Constant growth in direct tax-GDP ratio over last three years Growth of more than 80% in the number of returns filed in the last four financial years Number of persons filing return of income has also increased by about 65% during this period from 3.31 crore in FY 2013-14 to 5.44 crore in FY 2017-18 … Read more

Tax Audit/ITR Filing for AY 2018-19 is Extended to 31-10-2018

CBDT further extends due date for filing of IT Returns & Audit reports from 15th Oct 2018 to 31st October 2018 for all assessees liable to file ITRs for A.Y. 2018-19 by 30-09-2018 after considering representation from stakeholders. The liability to pay interest u/s 234A of IT Act will remain same. Tax Audit/ITR Filing for … Read more

Penalty for Late Filing or Non Filing of Income Tax Return

penalty for late filing of income tax return

The last date to file income tax return every year is 31st July (Extended up to 31-08-2018 for A.Y.2018-19) or 31st September. You must file your income tax return within due date. Now the questions is if you are not filing your income tax return within due date how much penalty or interest you have … Read more

Must Have Record These Documents to Support IT Return

No doubt, there is no need to enclose any documents with income tax return now. But it is advisable that you should prepare all supporting documents on the behalf of you filed income tax return. As Assessing Officer may demand these documents at any time after the filing of income tax return. No documents to … Read more

Check Income Tax Refund Status Online

income tax refund status

As you all know to get income tax refund, we have to file income tax return by showing the excess tax paid or excess TDS deposited or excess advance tax pay as the case may be. Income Tax department on the basis of return file will issue income tax refund to the assessees. Some time … Read more

Know Your AO Code, Income Tax Range & Ward Easily

ao code

Whenever we are going to file an income tax return, whether online or off-line, it requires to fill our Income tax Ward, Range, Jurisdiction. Tax professionals like CA, advocates and TRPs already know what it is and know the jurisdiction, ward range of their clients. However, for the layman, it is difficult to find their … Read more

Which Account Books Should be Maintained by Professional or Businessman?

Every person kept some records to noting down his daily expenses and income. According to Income Tax Act, some persons will kept and maintain books for daily expenses, receipts, cash transactions, bank transactions, etc. Not every person needs to maintain books for daily transaction only the person specified by Income Tax Act. In this article, … Read more

Tax Liability of Senior Citizens A.Y.2018-19

The persons who find difficulty to calculate income tax for their parents or senior citizens themselves must read this article for everything you need to know about the taxation of senior citizens. You will find here the meaning, definition, tax liability, income tax rates, income tax slabs, tax planning, tax saving schemes and more. You … Read more

Income Tax Slab for AOP & BOI [A.Y. 2018-19]

Income Tax Slab for Association of Persons (AOP) and Body of Individuals (BOI): In previous article, we have discussed about the income tax slab/income tax rates for individual for A.Y.2018-19. In this article we will discuss only about AOP and BOI income tax slab rates. What is Association of Persons (AOP)? First of all, you … Read more

Transactions Where PAN Quoting is Mandatory

Now you all know PAN and AADHAR Is mandatory for all Government communication and work. Here are some of the transactions where PAN is mandatory even there is not tax involvement. You can not avoid PAN if you want to do the following transaction. Sl. No. Transaction Required of PAN card 1 Purchase / sale … Read more

SBI PPF Interest Rate & Maturity Period

The State Bank of India offers the option to invest in PPF to existing users and new users of its bank. The channel is aimed to create a habit of savings among the people of India, along with creating a reliable pool of investment which can be used by the banks from time to time. … Read more

5 Benefit of Opening SBI PPF Account

The SBI PPF account is one of the smartest ways to save tax and build a steady habit of savings. Apart from that, the SBI PPF account offers numerous benefits to the account holders which includes appointing a nominee and transferring the PPF account to some other banks as well. Given such credibility, it is … Read more

How to Open PPF Account in SBI?

Today, the PPF account has become an important consideration for every individual who has a source of income. The facility of PPF not only offers an individual with the benefit of making savings on a regular basis, but also allows a person to save taxes. One of the most recognized ways to invest in PPF … Read more