When foreign citizens and OCIs (Overseas Citizens of India) apply for PAN cards under resident status but fail to correct or update their status with the Jurisdictional Assessing Officer or haven't filed an Income Tax Return (ITR) in any of the previous three assessment years, their PAN cards become inoperative.

The applicant has submitted this application under subsection (1) of section 97 of the GST Act and the corresponding rules, addressing the following queries in sequential order (number 14) on FORM GST ARA-01

While receiving a notice from the income tax department can be alarming, it is important to note that rectifying a notice regarding a defective ITR is typically straightforward. Let's explore the steps you can take to address the issue related to a defective ITR.

When it comes to filing your income tax return (ITR), paying close attention to your personal details is of utmost importance. Thoroughly reviewing and verifying your personal information, such as your name, address, and contact details, is crucial to ensure accuracy in your tax filing process.

Self-Assessment Tax stands for the tax paid by individuals on their assessed income after considering Tax Deducted at Source (TDS) and advance tax. It is the balance tax amount that needs to be settled before filing the income tax return. Self-Assessment Tax allows taxpayers to meet their remaining tax liabilities and ensure compliance with income tax regulations.

Advance Tax Payment is a crucial aspect of income tax compliance in many countries, including India. It requires taxpayers to pay their tax liability in installments throughout the financial year, rather than in a lump sum at the end. This ensures timely revenue collection for the government and helps taxpayers manage their tax obligations effectively. This article will take you through the due dates, applicability, procedure, etc. So, Read on to know more…

The Income Tax Department has issued new guidelines regarding tax collection at source TCS.