Income Tax Website: Income Tax Department has recently launched its website in a new look with user friendly interface, improved features and new modules. The new website was launched by Nitin Gupta, Chairman, Central Board of Direct Taxes (CBDT) at a brainstorming session organized by the Directorate of Income Tax (Systems) in Udaipur. In order … Read more
Lucknow: The Income Tax Department has seized six benami properties of Mafia Atiq Ahmed. The current market value of these properties is around Rs 6.35 crore. Income Tax Department’s investigation has revealed that Mohammad Ashraf alias Lalla, a member of Atiq’s gang, had bought these crores of properties in the name of his servant Suraj … Read more
New Delhi : For life insurance, now the policyholders will have to pay tax on the income earned on the maturity of the policy on a premium of five lakhs annually. The reason for this is that the Income Tax Department has changed the rules for calculating maturity proceeds of life insurance policies with an … Read more
Pan Aadhaar Link: The deadline for linking PAN and Aadhaar number is ending on 30 June 2023. Many people are facing difficulties in completing this process. In a tweet, the Income Tax Department has given information about this issue, accepting the possibility of demographic mismatch during the PAN-Aadhaar linking process. You can get the information … Read more
Patna. If you have not yet linked the Aadhaar card and PAN number, then definitely get it done by June 30. Earlier, the last date to link Aadhaar and PAN was 31st March, which has been extended to 30th June. If this is not done in time, the PAN card will become inactive. Along with … Read more
[ad_1] Lucknow. Gangster-turned-politician former MLA Mukhtar Ansari has been hit by the law. The property worth more than one crore acquired in Ghazipur in the name of his close friend from illegal earnings has been confiscated. The Income Tax Department team has also made it known in the area that the property of the mafia … Read more
[ad_1] Tax Saving: You can also avail tax exemption under Section 80G of the Income Tax Act, 1961 for donating to NGOs. To take advantage of tax exemption while filing income tax return ie ITR, you will need a certificate like TDS. This certificate can be downloaded by the organization or NGO receiving the donation … Read more
[ad_1] The Income Tax Department team was once again seen in action mode in Bihar’s capital Patna. On Wednesday, the Income Tax Department raided more than 45 locations of Kalsi Buildcon Pvt Ltd, a company working in many other sectors including infrastructure, energy to house keeping. Along with this, raids were also conducted at the … Read more
[ad_1] income tax returnIncome tax return filing for assessment year 23-24 has started. The last date is till 31st July. After that, penalty will be Rs 1,000 for those earning less than Rs 5 lakh and Rs 5,000 for those earning more than Rs 5 lakh. At this time, those who file returns have to … Read more