Inoperative PANs and Higher TDS/TCS: CBDT Offers Significant Relief New Delhi: The Income Tax Department, through the Central Board of Direct Taxes (CBDT), has announced crucial relief for taxpayers and businesses concerning higher Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) rates applied when Permanent Account Numbers (PANs) are inoperative. The Root … Read more
The Permanent Account Number (PAN) card is a vital identification document in India, essential for financial transactions and tax filing. Even though your address isn’t printed on the PAN card itself, it’s crucial to keep your address details updated with the Income Tax Department for communication, KYC, and legal purposes. You can easily update your … Read more
The Income Tax Department has rolled out some big changes, making Aadhaar-based OTP verification a must for several crucial actions on their e-filing portal and for new PAN applications. Mandatory Aadhaar OTP for Updating Contact Details Now, if you want to update your email ID or mobile number on the income tax e-filing portal, you’ll … Read more
Has your PAN card gone missing or been stolen? Don’t fret! Getting a duplicate PAN card online is a straightforward process. The PAN card is a vital document in India; without it, many essential tasks, like opening a bank account or filing your Income Tax Return (ITR), can’t be completed. What to Do First Before … Read more