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  1. Jyoti Pawar shared this

    Mar 31

    Aadhaar to be made mandatory for filing IT return HIGHLIGHTS Government has proposed to make Aadhaar card mandatory for filing income tax returnAs per the government estimate, every year 2.5 crore people across the country apply for PAN cards NEW DELHI: The government has proposed to make Aadhaar card mandatory for filing income tax return and also applying for permanent account number (PAN). The new proposal has been made through an amendment to the Finance Bill. Recently, the I-T department had announced a mobile app for paying taxes and tracking of refunds. It had also said it was considering issuing PANs on real time basis using Aadhaar biometric. "Income Tax department is considering issuing of Permanent Account Number (PAN) on a real time basis using Aadhaar's e-KYC facility. The proposal is at an initial stage of consideration," Minister of State for Finance Santosh Kumar Gangwar had said in a written reply in Lok Sabha on March 10. Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impressions. So far, more than 111 crore Aadhar numbers have been issued . The unique identification number is being used for getting a new SIM card, for opening bank accounts, transfer of subsidies and also for biometric based digital payments under Aadhaar Enabled Payment System. As per the government estimate, every year 2.5 crore people across the country apply for PAN cards. There are more than 25 crore PAN cardholders in the country.

  2. Mar 28

    Aadhaar to be made mandatory for filing IT return HIGHLIGHTS Government has proposed to make Aadhaar card mandatory for filing income tax returnAs per the government estimate, every year 2.5 crore people across the country apply for PAN cards NEW DELHI: The government has proposed to make Aadhaar card mandatory for filing income tax return and also applying for permanent account number (PAN). The new proposal has been made through an amendment to the Finance Bill. Recently, the I-T department had announced a mobile app for paying taxes and tracking of refunds. It had also said it was considering issuing PANs on real time basis using Aadhaar biometric. "Income Tax department is considering issuing of Permanent Account Number (PAN) on a real time basis using Aadhaar's e-KYC facility. The proposal is at an initial stage of consideration," Minister of State for Finance Santosh Kumar Gangwar had said in a written reply in Lok Sabha on March 10. Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impressions. So far, more than 111 crore Aadhar numbers have been issued . The unique identification number is being used for getting a new SIM card, for opening bank accounts, transfer of subsidies and also for biometric based digital payments under Aadhaar Enabled Payment System. As per the government estimate, every year 2.5 crore people across the country apply for PAN cards. There are more than 25 crore PAN cardholders in the country.

  3. Ankit Loharuka shared this

    Mar 17
    1. actorname

      Last date for filing belated return for Ay 2016-17 is 31.3.18. this has also been clarified by CBDT

    1. actorname

      Vide Finance Bill , Time Limit for filing belated returns u/s 139(4) has reduced from 1 year from the end of the Assessment Year to end of the Assessment Year For Example: – For AY 2015-16 belated returns can be filed upto 31st March 2017 however For AY 2016-17 belated returns can be filed upto 31st March 2017 Regards CA. Tejinder Pal Singh Abhianchal and Company +91-7814307690

  4. CA Tejinder Pal Singh shared this

    Feb 6
    1. actorname

      Last date for filing belated return for Ay 2016-17 is 31.3.18. this has also been clarified by CBDT

    1. actorname

      Vide Finance Bill , Time Limit for filing belated returns u/s 139(4) has reduced from 1 year from the end of the Assessment Year to end of the Assessment Year For Example: – For AY 2015-16 belated returns can be filed upto 31st March 2017 however For AY 2016-17 belated returns can be filed upto 31st March 2017 Regards CA. Tejinder Pal Singh Abhianchal and Company +91-7814307690

    1. actorname

      Last date for filing belated return for Ay 2016-17 is 31.3.18. this has also been clarified by CBDT

    1. actorname

      Vide Finance Bill , Time Limit for filing belated returns u/s 139(4) has reduced from 1 year from the end of the Assessment Year to end of the Assessment Year For Example: – For AY 2015-16 belated returns can be filed upto 31st March 2017 however For AY 2016-17 belated returns can be filed upto 31st March 2017 Regards CA. Tejinder Pal Singh Abhianchal and Company +91-7814307690

  5. Ritesh Gyanchandani shared this

    Feb 2
    1. actorname
      Oct 25

      Akshay Shah

      Mam, Basically Compound Interest Formula is Amount = (Principal) + [ 1 + (Interest Rate /100) ^ Number of Periods ] So, For Rs.100000 at interest rate of 10% for 9months considering yearly compounding, your interest will be Rs. 7409 If compounding is on quaterly basis, your interest will be Rs.7689 Thank you. You can contact us for more details. Regards, Akshay Shah 8460661497 rushhabh.investment@gmail.com

  6. Jyoti Pawar shared this

    Jan 27
    1. actorname

      Under works contract value is gross value of service excluding the expenditure or cost incurred as pure agent. AND PG services are not liable for service tax

  7. Neelam Lalwani shared this

    Jan 20
  8. Neelam Lalwani shared this

    Jan 20
  9. Ambar Atul Kkasliwal shared this

    Jan 17
    1. actorname

      Required amendments not in partnership deed and submitted to ROC if registered with ROC otherwise for bank updation required amended deed

  10. ANKIT RANA shared this

    Jan 4
    1. actorname
      Jan 7

      Jyoti Pawar

      nice article

  11. Jyoti Pawar shared this

    Jan 4
  12. Jyoti Pawar shared this

    Jan 2
  13. Jyoti Pawar shared this

    Jan 2