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Income Tax Returns: From bank ATM to Aadhaar, ways to e-verify your 2019-2020 filing
India

Income Tax Returns: From bank ATM to Aadhaar, ways to e-verify your 2019-2020 filing

Before e-verifying returns, taxpayers must have permanent account number (PAN), assessment year for which the ITR has been filed, acknowledgment number and electronic verification code

'First COVID-19 and now Amphan': Farmers in coastal Odisha stare at an uncertain future as cyclone destroys crops, only means of livelihood
India

'First COVID-19 and now Amphan': Farmers in coastal Odisha stare at an uncertain future as cyclone destroys crops, only means of livelihood

Cyclone Amphan made its landfall in the Sundarban area of West Bengal, but before that, on its way, it left destruction in hundreds of villages in Odisha's Balasore district

Kotak Mahindra Bank launches video-based KYC for opening of accounts remotely; facility available only for new customers
Business

Kotak Mahindra Bank launches video-based KYC for opening of accounts remotely; facility available only for new customers

Only Indian citizens residing in India during the account opening process are eligible for video KYC, it said adding that the facility is available only for new to Kotak customers.

Nirmala Sitharaman announces 25% cut in TDS/TCS for non-salary payments; ITR filing deadline extended
Business

Nirmala Sitharaman announces 25% cut in TDS/TCS for non-salary payments; ITR filing deadline extended

Finance Minister Nirmala Sitharaman said the reduction in TDS (tax deducted at source)/TCS (tax collected at source) rate would release about Rs 50,000 crore in the hands of people.

Implement 'Work from Home' policy to curb spread of virus infections, advises government to companies
Business

Implement 'Work from Home' policy to curb spread of virus infections, advises government to companies

Companies have been strongly advised to put in place an immediate plan to implement the 'Work from Home' policy as a temporary measure till 31 March.

Voter ID, PAN card, land documents not proof of citizenship, rules Gauhati High Court in two separate judgments
India

Voter ID, PAN card, land documents not proof of citizenship, rules Gauhati High Court in two separate judgments

PAN card, Voters Id, land and bank documents do not constitute proof of citizenship, the Gauhati High Court reiterated while dismissing the citizenship claims of two petitioners.

PAN to become inoperative after 31 March if not linked with Aadhaar, says Income Tax dept; 17.58 crore PANs at risk
Business

PAN to become inoperative after 31 March if not linked with Aadhaar, says Income Tax dept; 17.58 crore PANs at risk

Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by 31 March, 2020, the Income Tax department has said

Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February
Business

Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February

Currently, the ministry has the electronic form SPICe (Simplified Proforma for Incorporating Company Electronically) and that would be replaced with SPICe+.

Instant allotment of e-PAN based on Aadhaar to begin this month, says Revenue Secretary Ajay Bhushan Pandey
Business

Instant allotment of e-PAN based on Aadhaar to begin this month, says Revenue Secretary Ajay Bhushan Pandey

The government this month will roll out a facility to issue online PAN cards instantly on furnishing of Aadhaar details, Revenue Secretary Ajay Bhushan Pandey has said

Central Board of Direct Taxes extends PAN-Aadhaar linking deadline from 31 December to March 2020
India

Central Board of Direct Taxes extends PAN-Aadhaar linking deadline from 31 December to March 2020

The last date for linking the Permanent Account Number (PAN) with Aadhaar has been extended till March next year, the CBDT said on Monday.

Aadhaar linking case: HC says no to order of linking social media accounts with Aadhaar, PAN
News & Analysis

Aadhaar linking case: HC says no to order of linking social media accounts with Aadhaar, PAN

HC says it would lead to data of genuine account holders going 'unnecessarily' to foreign countries.

Now get reprint of PAN card for just Rs 50 as Income Tax Department makes norms simpler
Business

Now get reprint of PAN card for just Rs 50 as Income Tax Department makes norms simpler

A PAN cardholder is able to get a reprint from either of the two agencies, depending on who had originally issued the document.

SIT on black money: Govt should make credit, debit card mandatory to pay bills; move will curb use of unaccounted money
Business

SIT on black money: Govt should make credit, debit card mandatory to pay bills; move will curb use of unaccounted money

Banks and institutions in India are fully geared to usher in a debit or credit card revolution, consumers have also realised the advantages and benefits of using debit or credit cards.

Government extends deadline to link PAN, Aadhaar from 30 September to 31 December
India

Government extends deadline to link PAN, Aadhaar from 30 September to 31 December

The deadline to link PAN with Aadhaar has been extended till 31 December, a The Central Board of Direct Taxes order said Saturday.

ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on 31 August; records 4% rise from previous year
Business

ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on 31 August; records 4% rise from previous year

Nearly 50 lakh people filed their tax returns online on 31 August, the last date for ITR filing and the peak filing rate per second was at 196 ITRs per second

Filing Income Tax Returns? CBDT has revised Form 16; here's all you need to know
Business

Filing Income Tax Returns? CBDT has revised Form 16; here's all you need to know

The Central Board of Direct Taxes (CBDT) has revised Form 16 this year.

Aadhaar-PAN linking deadline remains 30 September 2019; here's how to link your biometric card with PAN
Business

Aadhaar-PAN linking deadline remains 30 September 2019; here's how to link your biometric card with PAN

The interchangeability of Aadhaar and PAN as mentioned by the finance minister does not mean there is a relaxation of rules with regard to either

Government extends deadline for linking PAN with Aadhaar by six months till 30 September
Business

Government extends deadline for linking PAN with Aadhaar by six months till 30 September

This is the sixth time the government has extended the deadline for individuals to link their Permanent Account Number (PAN) to Aadhaar

Govt extends deadline for PAN-Aadhaar linking till 30 September; quoting biometric ID while filing I-T returns mandatory from 1 April
India

Govt extends deadline for PAN-Aadhaar linking till 30 September; quoting biometric ID while filing I-T returns mandatory from 1 April

The government Sunday extended the deadline for linking PAN with biometric ID Aadhaar by 6 months till 30 September, an official statement said

Income Tax Department responsible for loss of Rs 6,000 cr in real estate taxes after error in assessment, reveals CAG report
Business

Income Tax Department responsible for loss of Rs 6,000 cr in real estate taxes after error in assessment, reveals CAG report

CAG has exposed the chinks in the armour of the Income Tax Department revealing that the department has lost Rs 6,093.71 crore as tax revenue from the real estate sector due to errors