Aadhaar-based electronic verification code will do away with need to send physical ITR-V copies to I-T centre The Central Board of Direct Taxes (CBDT), the apex policy making body of the I-T......
Taxpayers are allowed to make the changes under certain circumstances Sample this: You file your income tax returns on time, pay the dues and get the receipt. After a few days, you realise that you......
With the online tax filing and automation of the tax process the number of mistakes made by taxpayers during filing of taxes have been reduced, but considering the importance of the information, a......
Check the status and immediately act on it With the introduction and streamlining of electronic clearing services (ECS) by the income tax department, taxpayers have started receiving their refunds......
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent Sixty-five year old Prabha Mishra, who has never earned any income in life, was......