If your PPO number is lost then your pension may stop. In this case you may get into trouble. Pensioners coming under the Employee Pension Scheme are given a unique number called Pension Payment Order (PPO). On the basis of this, pensioners get pension after retirement with the help of this. Although you can easily …
It has been said in the circular that if you have not filed ITR for the financial year 2020-21, then your name will be added to the list of non-tax filers. Not only this, but in this financial year starting from April, you will also have to pay more TDS. It is necessary to file …
To curb tax evasion, the government has now increased its guard. A new rule has been made to prevent tax evasion from cash transactions across the country. The Central Board of Direct Taxes (CBDT) has issued a notification for this. It will be mandatory to provide PAN details According to the notification of CBDT, now …
India’s income tax (IT) department has notified a new form, ITR-U, for taxpayers filing their updated tax returns. The move seeks to reduce lengthy adjudication timelines and use of resources for improper tax filing and is based on the self-assessment of taxpayers. What is the new ITR form? In the new form, ITR-U, the taxpayer …
The Supreme Court on Wednesday invoked its extraordinary powers under Article 142 of the Constitution to upload all reassessment notices issued after march 31, 2021, by the income tax department reopening assessments going back six years. In the budget for FY22, the government had reduced this reopening period to three years with effect from April …