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Steps to Link up Aadhaar card with PAN
The Indian government launched the Unique Identification Project (UID) or aadhaar in 2009. The main agenda behind this was to gain access to a system allowing unique identification of all residents. This enrolment covered about one-quarter of India’s population and India’s experiment with biometrics achieved a global significance. Apparently, it is said to be influencing developments in Indonesia, …
How to E-File for Income Tax Return?
Electronic filing or e-filing as we often call it is a medium via which income tax returns can be submitted online. There are two ways provided, by which taxpayers may file their income tax returns. The old way by which it can be filed involves the individual going to the Income Tax Department’s office to personally …
After the completion of every month, the income acquired by an employee is taxed by the head of Income from Salaries. However, the salary is taxable whereby there exists an employer and employee relationship. As a result, it is integral for any individual to comprehend the salary slab they are categorized. Thereafter, the employee is required to present their statement regarding the planned investments. …
E-Verification of Income Tax Return in India
Citizens in India are required to file their income tax return. Tax Filing is quite an easy process to comprehend. In this procedure, one needs to disclose their income and taxes paid by them to the government. Primarily, filing tax return enables us to declare our annual income, as well as keeps a record of the amount …
As mentioned in sub-section (1) and (1A) of section 197A of the Income Tax Act introduced in 1961, Form 15G is a declaration, whereby an individual and not a company or firm may profess assured receipts with no deduction of tax.
As mentioned in sub-section (1C) of the section 197A of the Income Tax Act introduced in 1961,
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