Income tax department wrongly imposing late filing penalty despite filing ITR in time, several processing errors ...

The FAQs released by the income tax department allow PAN card holders to update their addresses online for free if they have ...

Existing PAN cardholders need not worry about reapplying under this new scheme. Union Minister Ashwini Vaishnaw confirmed ...

The Ministry of Finance has said: " The existing PAN card holders are not required to apply for a new PAN under the upgraded ...

As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in ...

"We are working on simplification of the language. The act itself is about 300-500 pages, with certain sections not important ...

CBDT advised all taxpayers to carefully review their foreign income and assets and report them accurately in their Income Tax ...

Karnataka High Court issued a judgment in favor of IBM India Private Limited, directing the Income Tax Department to refund a total amount of Rs.154,08,41,927 with applicable interest. This refund ...

The Union Cabinet approved the PAN 2.0 Project on Monday to make PAN the “single source of truth and data consistency”. With ...

The total number of women filing income tax returns in India has shot up by a robust 25.3 per cent in the last four years from 1.83 crore in assessment year (AY) 2019-20 to over 2.29 crore in AY ...

To modernise India’s tax administration, the Union Cabinet has approved PAN 2.0, the upgrade of PAN services. The new upgrade ...