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Income Tax News Other Tax Planning

Tokenisation – Now your card (credit/debit/pre-paid) transactions will be safer online, thanks to RBI: All you need to know;

Demonetization has led to a spurt in digit payments and with that, ever increasing cases of online frauds including but not limited to theft of card details, data breach, server hacking, fraudulent transfer of money, phishing, smishing, vishing, etc. To enhance the security of cards used for financial transactions, RBI has introduced a new concept […]

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Income Tax Tax Planning

CBDT notifies New PAN card rules that come into effect from 5th December, 2018

The Income Tax Department has released a notification specifying some new rules for PAN (permanent account number) card applicants and for those without PAN. The new PAN card rules will become effective from 5th December 2018. The new notification specifies that financial entities which make transactions amounting to Rs. 2.5 lakh or more in a […]

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Income Tax Tax Planning

5 different ways to e-verify Income Tax Return

The Income Tax Department has come up with 5 ways to verify your income tax return and in any case all of the Assessees must be having one of the five means to verify their return online. With surge and ease of e-filing most of the Assessees will be using the e-filing mode to file […]

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Income Tax Tags Tax Planning

Relevant changes in ITR Forms for Financial Year 2017-18 (Assessment year 2018-19)

New ITR Forms notified for the Financial Year (FY) 2017-18 The CBDT has notified the ITR forms for the Assessment Year (AY) 2018-19 well in advance so that the assessee must file their return well before the due date. The forms have been notified on 5 April 2018. Although the return filing will actually begin […]

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Income Tax Tags Tax Planning

Passwords for Various Compliance Forms

With the advent of digitisation everything is now online and in soft format. We now get a soft copy of most documents and to prevent its misuse all these documents are password protected. With ITR acknowledgment to Income Tax notice to Aadhar card. All of them are password protected. Since each of these documents has […]