Some categories of people have been given exemptions to link PAN-Aadhaar. It is not mandatory for these people to link PAN with Aadhaar.
Taxpayers can now file their appeals electronically before the Joint Commissioner against decisions made by the income tax officer.
The Income Tax Department now works on the logic that a person can hide his earnings but cannot hide his expenses or investments
PF is deducted from the salary of the employed by the employer (private, public or government). This amount is deposited every month in the name of th
While the method might become a part of the sustained approach of the CBDT, the immediate target is to push up the number of those filing IT returns t
Finance minister also rooted for a more taxpayer-friendly department by advising the officials for quicker resolution of their grievances and faster d
The new tax regime does not provide any deductions and exemptions, whereas the old regime has about 70 of them
For tax saving and financial planning to go hand in hand you need to make a blueprint for it
Additional tax
Taxpayers can use the Cost Inflation Index to calculate how much tax they need to pay on sale of immovable assets after adjusting for inflation.