Category Archives: Income Tax

Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.

Key changes in ITR-1 you need to know before filing

Key changes in ITR-1 you need to know before filing The Income Tax department has notified the Income-tax Return (ITR) Forms for F.Y. 2019-20 on January 3, 2020. Here’s a list of the 6 key changes introduced in the ITR1 for the financial year 2019-20. Passport details In this year’s ITR-1, taxpayers will have to […]

Section 269SU – Mandates to provide Digital Payment Facility

Section 269SU – Mandates to provide Digital Payment Facility Section 269SU Mandatory Requirement to Provide Digital Payment Facility by Certain Class of Persons Notification No. 105/2019-Income Tax dated 30th December 2019 We are moving towards Cashless economy and government has done a lot to remove black money circulation from our system. Cashless economy is the […]

PAN-Aadhaar linking: What will happen if PAN is not linked with Aadhaar by September 30?

PAN-Aadhaar linking: What will happen if PAN is not linked with Aadhaar by September 30? If you do not link your PAN with Aadhaar by September 30, then your PAN will become inoperative from October 1. Earlier the rule was that, if your PAN was not linked with your Aadhaar by a specified date, then […]

Life Insurance can provide Tax Benefits to you!

Life Insurance can provide Tax Benefits to you! Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate […]