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The deadline to link your Permanent Account Number with your Aadhaar number is nearing. The last date to link Permanent Account Number (PAN) with Aadhaar has been extended to June 30, 2021. As per the Reports, the government may take a tough stand against those taxpayers who have not liked their PAN with Aadhaar. Moreover, the report further says....
The sudden imposition of travel restrictions all over the world due to the COVID-19 pandemic left many stranded away from home. Consequently non-resident Indians, who had been visiting the country, were unable to return and many Indians were stranded abroad. NRIs Stranded in India As India imposed the world’s biggest lockdown, non-resident Indians, who had been visiting....
In view of the impact of the Covid-19 pandemic, taxpayers are facing inconvenience in meeting certain tax compliances and also in filing response to various notices. In order to ease the compliance burden of taxpayers during this difficult time, reliefs are being provided through Notifications nos. 74/2021 & 75/2021 dated 25th June, 2021 Circular no.....
Recently, many individuals and companies, who may have hidden some income from the tax department, have come under the taxman’s lens following an elaborate investigation based on application of data analytics and machine learning and robust data sharing between various tax authorities. According to a report in the Economic Times, the government has used statistics....
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms. The further details are as under:....
