If your Permanent Account Number (PAN) is not linked to your Aadhaar card, your PAN card will become inoperative from April 1, 2022. The Income Tax Department has extended the deadline to March 31, 2022 wherein all PAN maps in India must be linked to Aadhaar maps. All such PAN cards which are not related […]
Tag Archives: income tax
Freeman Law’s “Tax Court Brief” covers all of the Tax Court’s substantive opinions, providing a weekly summary of its decisions in clear, concise prose. For a link to our Tax Court in Brief podcast, download here or watch other episodes of The Freeman Bill. Tax litigation: The week of February 21, 2022 to February 25, […]
Ad trolls Trump over January 6 committee developments Donald Trump hailed Russian President Vladimir Putin as “savvy” and called his decision on Ukraine “genius” in a new interview. Mr Putin’s steps towards a possible full invasion of Ukraine have seen a number of Republicans seek to blame Joe Biden for the crisis, arguing that Russia […]
Investment oi-Vipul Das | Posted: Sunday February 13th 2022, 01:54 PM [IST] The Post Office (TD) Term Deposit Account or the National Savings (TD) Term Deposit Account is a small savings scheme administered by the Department of Posts and supervised by the Ministry of Communications, Government of India . A Swiss Post Term Deposit (TD) […]
Image credit: IANS The Permanent Account Number (PAN) card is a unique identity, which is needed in many important places. The PAN card is required to perform any type of financial transaction, such as cash purchases of bank drafts, payment orders, and filing of tax returns. The PAN card is also required to create a […]
I was working in an organization and left recently after five years and nine months of continuous service. The Employee Provident Fund (EPF) of the said organization is managed under their private supervision and not in EPFO. It is linked to my Universal Account Number (UAN). The organization I joined now does not fall under […]
This tax season, you’ll want to set up direct deposit and fix any errors. Sarah Tew/CNET Work to get your filed tax return to the taxman? If so, you should add agency direct deposit setup to your to-do list, even if you plan to. file a tax extension. This can help you get your tax […]
The PAN card is an important KYC document for filing income tax return (ITR), opening a bank account for high value monetary transactions. It is therefore very important to have the correct name and date of birth on your Permanent Account Number (PAN) card. However, it has occasionally been seen that people receive a misspelled […]
The association of the account holder’s mobile number has already been mandatory since October 2017 for the opening of any new account at a post office. Fraud at the Post Office: Several cases of fraud linked to the Post Office Savings Bank (POSB) have been observed recently. This is in line with a recent memorandum […]
Income tax experts say there needs to be a provision to deduct tax under Section 194N because the money withdrawn is not income. In order to discourage cash transactions and move towards a less cash economy, the Finance Act 2019 (No 2) had inserted Section 194N into the Income Tax Act 1961 for withholding withholding […]
Citibank Term Deposit Interest Rates With a minimum investment of Rs 1000 and a variable term from 7 days to 1096 days, one can open a Citibank fixed deposit account. The interest rates shown below are payable quarterly on a compound interest/simple interest basis. Mandate Up to Rs 2 Cr Rs 2 Cr to Rs […]
Want to check the EPF balance? Here are five ways to do it New Delhi: If you hold an account with EPFO, you can easily check your EPF account balance and statement without having to visit EPFO offices. Contributions made to provident fund accounts are eligible for a deduction from taxable income under Section 80C […]
Income tax refund for AY 2021-22: The central government said on Thursday that it has so far processed the tax returns of more than 1.59 crore taxpayers. Sharing the update, the Central Board of Direct Taxation (CBDT) said on Twitter: “The CBDT is issuing refunds of over Rs 1.54,302 crore to over Rs 1.59 crore […]