In the current scenario, we are now in a universal regime where an automatic exchange of tax information is the latest norm. As a matter of fact, more and more countries and jurisdictions are following the international protocols set by the Organisation for Economic Co-operation and Development (OECD). [...]
The new form 26AS has come into effect from 1st June 2020 by insertion of new section285BB in the Finance Act, 2020. The new form 26AS provides the assesse with the personal details of mobile number, email id and date of birth. [...]
DEALING WITH INCOME TAX NOTICES A majority of the notices is sent in the normal course of processing returns & might be for routine enquiry or a request for simple clarification, so don’t be panic. [...]
The idea of filing income tax would give many of us nightmares. With the last date for filing income tax soon approaching, most of us would have already begun the process of filing our returns. The due date for filing personal income-tax returns for the financial year 2012-13 is July [...]