The common people, either from a business background or the working class, face great difficulty in understanding matters related to tax and getting answers related to their tax related issues. Well, there is nothing to worry now, as the government has taken a firm step to ease of the burden. IT Department’s Aaykar Setu App …
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What is GST and How will it affect you ?
A constitutional amendment has been presented by Rajya Sabha in the form of the Goods and Services Tax (GST) in India. This was the most significant agenda of the Prime Minister Narendra Modi’s government to bring an economic reform in the country, which could be accepted for all and which could be accepted by all. …
Read More »Business houses get time till August 16 to opt for GST composition scheme
The government on 22nd July has extended the deadline for all kinds of businesses to opt for composition scheme under the GST regime till August 16. A Statement by finance ministry said “With a view to ease the compliance burden of provisionally migrated small taxpayers opting to pay tax under the composition scheme, it has been decided to …
Read More »10 Tax Free Incomes in India
It is a general belief among people that the government of India takes away a lot from your income in the form of taxes. It is true that paying income tax is mandatory when you are earning above a certain limit. However, there are some types of income which are completely tax free and one …
Read More »Income Tax Deductions under section 80c, 80ccd, 80ccc for AY 2018-19
Even though some of us might not like it, but paying taxes is very important in our country. Taxes account for a major portion of the income earned by the government. This income is utilized to provide certain basic amenities to citizens like roads, railways, clean environment etc. People who earn above a certain limit …
Read More »How to Link PAN Card with Aadhaar Card ?
Link PAN Card with Aadhaar Card : PAN (Permanent Account Number) card is a unique 10 character code that is assigned to all tax paying entities in India. It is issued by the Income Tax Department of India and links all your transactions that attract tax within a single source, thus it makes very convenient …
Read More »What Makes GST different from VAT and CST?
Goods and Service Tax (GST) is a type of indirect tax that is levied on the sale of both goods and services. GST consolidates various taxes into one singular entity. It is imposed at every stage of the supply chain; thus, each and every participant in the supply chain has to pay tax. This ensures …
Read More »How to know PAN Card Holder Address Online ?
Know PAN Card Holder Address: PAN Card is a Card issued by Income Tax Department of India. Not only it acts as an Identity Proof, but is also used for a lot of financial transactions which one needs to perform on a daily basis. Some of the transactions are like filing Income Tax Returns, Buying a Property, Purchasing a Vehicle, …
Read More »How to Change your Name in PAN Card ?
Change Name in PAN Card : PAN Card is a Card issued by Income Tax Department of India. Not only it acts as an Identity Proof, but is also used for a lot of financial transactions which one needs to perform on a daily basis. Some of the transactions are like filing Income Tax Returns, Buying a Property, Purchasing …
Read More »How to track PAN Card Failed Transaction status ?
Check PAN Card Status : PAN Card is a Card issued by Income Tax Department of India. Not only it acts as an Identity Proof, but is also used for a lot of financial transactions which one needs to perform on a daily basis. Some of the transactions are like filing Income Tax Returns, Buying a Property, Purchasing a …
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