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Glimps of Finance Bill 2019 presented by FM Mr. P Goel

New Finance Minister MR. Piyush Goel has presented Finance Bill 2019 on 01-Feb-2019. In Finance Bill 2019 he has proposed following major amendments related to Direct Tax:    Finance Bill 2019 # 1. The Standard deduction has been increased from Rs.40,000/- to Rs 50,000/-. (Sec-16)...

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New Era of Direct Tax Legislation begin

New era of Direct Tax Legislation being with Constitution of Task Force for drafting a New Direct Tax Legislation During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act, 1961 (the...

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Mismatch of PAN with Aadhaar – What to do ?


Aadhaar mandatory for filing income tax returns and for linking of PAN with Aadhaar to curb tax evasion through use of multiple PAN cards – proposed by Finance Minister in Finance Bill of the Budget for 2017-18, If you do not have Aadhaar Linked to...

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The Finance Bill 2017 Cleared in LS

The Finance Bill 2017 with 40 amendments passed in Lok Sabha The Finance Bill 2017 passed in Lok Sabha. Various amendments have been made in the Bill, One of the important amendments was making Aadhaar number mandatory for filing of Income Tax returns. Glimpse of...

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CBDT issues guideline for cash transaction 2016 FAQ

For Viewing Information by Tax payers for cash transaction 2016: 1. Which internet browser should I use to view and file response on e-filing portal? Ans: The e-filing portal and other utilities can be best viewed on Internet Explorer 9 or above and latest version...

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