Income Tax : Permanent Account Number is a number allotted to a person by the Assessing Officer for the purpose of identification. PAN of the n...
Income Tax : A person of Indian origin (PIO) is a person of Indian origin or ancestry who was or whose ancestors were born in India or nations ...
Income Tax : The Mission of Our Income Tax Department is To promote Compliance with our direct tax laws, through caring taxpayer service and st...
Income Tax : Many a times there are Mis match between TDS shown in Form 16 / Form 16A and actually deposited by Employer / Other party. However...
Income Tax : Indian citizen residing abroad, foreign citizen and other than individual (like company or trust or firm etc.) who wants to apply ...
Permanent Account Number is a number allotted to a person by the Assessing Officer for the purpose of identification. PAN of the new series has 10 alphanumeric characters and is issued in the form of laminated card with photograph.
A person of Indian origin (PIO) is a person of Indian origin or ancestry who was or whose ancestors were born in India or nations with Indian ancestry but is not a citizen of India and is the citizen of another country. A PIO might have been a citizen of India and subsequently taken the citizenship of another country.
The Mission of Our Income Tax Department is To promote Compliance with our direct tax laws, through caring taxpayer service and strict enforcement, and thus realize maximum resources for the Nation.
Many a times there are Mis match between TDS shown in Form 16 / Form 16A and actually deposited by Employer / Other party. However at the time of filing Income Tax Return the assessee claims full TDS as per TDS certificate received. Due to this at the time assessment CPC / AO send intimation of Demand. Further there are various reason and stages where demand raise, however there is no consolidated date based of status of each demand.
Indian citizen residing abroad, foreign citizen and other than individual (like company or trust or firm etc.) who wants to apply for PAN should fill the PAN application 49AA. Basically PAN application for Non Resident can be bifurcated into three categories
Most of tax payers comply with 31st July (Income Tax Return Due Date extended to 31/08/2018 for A.y 2018-19) deadline for filing Income tax returns. However many miss out due to other commitment in professional and personal life. Missing the deadline does not mean you cannot file your return. Infact if you have missed to file your return for last year ended March 2018, you can still file the return however there are some catch. Read the article to know in detail importance of filing of return by 31 August and and methods to file return after due date.
Tax benefits to individual who are differently able, Parents who have dependents who are differently able including minor and certain benefits to private sector for providing employment opportunities to differently able
The constitution of India has granted equal rights to every citizen of India. To provide a level playing field and to compensate for additional expenditure incurred by differently abled person and their family members certain benefits in form of additional deduction/tax concessions are granted.
The Rate of Interest which a senior Citizen earns on Nationalize Bank FD is around 9.75% . However there is limiting period of 10 years up to which you can make your Fix Deposit. Interest Rate scenario change depending upon Inflation and RBI policies.
Many people are not aware about that their Income Tax Refund status. The Refund status can be easily ascertained online with a few simple and easy steps. The ‘Refund Banker Scheme’, which was first introduced by the Income Tax Department in Jan 2007, can be used by tax payers all over the nation to view the exact status of their refunds on line at the site. The only requirement is PAN No to view the status.
