The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
The finance ministry on Thursday appointed National Securities Depository Ltd to provide PAN cards to new taxpayers in 139 cities from next week.
Explosive devices including battery and red wire, a .32 bore pistol, seven live cartridges, cash, PAN card, four ATM cards, pen drives, metro card, driving licenses and Aadhar cards were recovered from their possession, he said.
New norms for issuance of PAN card requiring verification of original documents have been put on hold.
Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impressions.
It also said that PAN card without Aadhaar number would not be treated invalid till the Constitution bench decides the larger issue of Right to Privacy.
The Centre also referred to various international economic reports and surveys to emphasise on the need for Aadhaar.
Jaitley said the cap on cash transactions is being reduced to curb generation of black money and the move to introduce electoral bonds is for cleansing the political funding
Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
The Income Tax department is probing tax evasion cases done through duplicate permanent account numbers, including over 100 cases detected by the Delhi Police.
Many people posted screenshots of the alleged MobiKwik user data, which, according to sources, was up for sale for 1.5 bitcoin or about $86,000.
Government said on Tuesday over 1.74 lakh applications for permanent account number cards were still pending as on November 30.
The best way to curb gold demand is by reducing black money in circulation.
This is the first time a state is asking for PAN card for two-wheelers
The minister also said the Bengaluru-specific anti-terrorist squad (ATS) probably will be operational in November first week.
In order for somebody to do Big Brother kind of a job, one has to collect lots of data. Aadhaar collects very minimal data whether at the time of enrollment or at the time of authentication.
Through a notification, the CBDT amended Income Tax rules and inserted Rule 114AAA, stipulating the manner of making permanent account number inoperative.
'Let's get a woman to be the antagonist, who really throws me around and hammers the s**t out of me. That would be fun.'
Unique Identification Authority of India (UIDAI) on Monday appealed people to register or update their mobile numbers in Aadhaar for easy access of various government services online.
The tax department is on a spree to ensure more taxpayers in the country use the PAN card.
The activist, who advises various farmer organisations, was arrested when Assam was witnessing widespread protests against the Citizenship (Amendment) Act.
Documents such as PAN card, Aadhaar card, I-T return papers, which are used for KYC, can get leaked from a number of sources. Other prominent sources are the direct sales agents and photocopy shops, say Sanjay Kumar Singh.
FM Arun Jaitley says I-T dept's capacity to access information and apply technology driven analytical tools to expose evasion has been enhanced
The Union Health Ministry said on Monday that the Co-WIN app on Play Store is meant for use only by administrators, and that registration and booking for appointment for COVID-19 vaccination has to be done through the portal.
The government earned Rs 7.42 lakh crore as direct taxes in 2015-16, a 66 per cent increase from Rs 4.45 lakh crore in 2010-11
Vaccines provided to beneficiaries at the government health facilities will be entirely free of cost, while private facilities cannot charge the beneficiary a sum above Rs 250 per person per dose (Rs 150 for vaccines and Rs 100 as operational charges).
The hurly burly of politics may have made Louise tougher than she ever imagined she could be but a core of sensitivity remains, says Aditi Phadnis
Changes in I-T rules kick in today; to help govt track taxpayers' income, reports Dilasha Seth.
Around $1 million (Rs 6.63 crore) was seized from two persons here as police intensified vehicle checking in Bihar which is gearing up for the assembly elections, the police said on Thursday.
For the first time, the Income Tax department has decided to set up special 'tax kiosks' in residential areas and localities for facilitating a host of taxpayer related services in view of the forthcoming tax returns filing season.
A local court on Thursday extended till July 23 the police custody of Parvez Tak who is accused of murdering starlet Laila Khan and her family at a farm house in Nashik district.
"The first step is getting your residential status changed in all documents, including Permanent Account Number (PAN) card for taxation, ration card, etc, which takes months and endless rounds to offices," says an exasperated Mehta, adding that getting oriented with the laws and regulations comes much later.
When it comes to a significant investment like a four-wheeler, many people end up paying high interest rates on car loans which can lead to high monthly installments.
The Central Board of Direct Taxes is set to rationalise I-T rules.
A form carrying questions as part of the NPR exercise will be finalised soon, ministry officials said. The information available on the website of the office of the Registrar General and Census Commissioner, however, says the NPR database would contain demographic as well as biometric details.
Be ready to mandatorily flash your PAN card, for any purchase of jewellery worth Rs 5 lakh (Rs 500,000) or more from Friday -- a move that would help the tax department keep an eye on such high value transactions.
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