Many taxpayers remain uncertain about the mandatory reporting requirements for foreign assets and income. (AI image) Income Tax Returns: The enactment of the Black Money law has introduced severe penalties…
Obtaining a new PAN card under PAN 2.0 isn't compulsory. (AI image) PAN 2.0: The Modi government recently gave its not for the PAN 2.0 project, which offers PAN cards…
Experts are of the view that individuals holding older white PAN cards those without QR codes should apply for PAN 2.0. (AI image) PAN 2.0: The Modi government has approved…
PAN 2.0: Existing PAN card holders can rest assured as no reapplication is necessary. PAN 2.0: The Income Tax Department's PAN 2.0 Project has received approval from the Cabinet Committee…
PAN 2.0: This e-Governance initiative aims to modernise taxpayer registration service. PAN 2.0: In a step aimed at helping taxpayers, the Cabinet Committee on Economic Affairs (CCEA) led by PM…
NEW DELHI: The Income-Tax department carried out a survey operation at offices of Swedish caller ID platform Truecaller on charges of tax evasion, official sources said. The company, headquartered in…
The Income Tax Department is set to launch Project IEC 3.0, which promises to bring about significant improvements in the processing of ITRs. (AI image) New ITR e-filing portal soon?…
The Central Board of Direct Taxes (CBDT) has initiated a thorough examination and verification process for outward foreign remittances exceeding Rs 6 lakh to identify any discrepancies in the data…
ITR Filing FY 2023-24 deadline extension: The Income Tax Department has advised taxpayers to file their income tax returns for the financial year 2023-24 before the July 31, 2024 deadline.According…
PAN-Aadhaar linking : The Income Tax Department has advised taxpayers to connect their PAN with Aadhaar card by May 31, 2024, to prevent higher tax deductions at source (TDS) or…