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Since 2014, the government has stated in the Parliament several times that the National Register of Indian Citizens (NRIC) or NRC is based on the data collected under the NPR, after the verification of the citizenship status of every individual. [11] In 2010, the NPR was created for the first time with the names of 119 crore residents of India ...
Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3 , ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses.
The sole objective of the verification process is to ensure that no ineligible person gets entry into the updated NRC and that no genuine person is left out form the NRC. The verification process consists of the following steps: Office Verification; DOCSMEN - Document Segregation and Meta-Data Entry; Field Verification [d] Family Tree Matching ...
The Aadhaar ID number is a digital biometric identity issued voluntarily to residents of India, and can be issued in card form, but it is not compulsory. Proof of identity such as a Birth Certificate, SSC Certificate, HSC Certificate, passport, ration card, PAN card, APAAR ID, Voter id Card or driving licence can also be used as proof of identity.
The central government has introduced a new online service called "Know Your PAN", [3] to for knowing your PAN number, verify your PAN [4] for new and existing PAN numbers. [ 5 ] Failure to comply with the provisions of Section 139A of Income Tax Act, a penalty of ₹10,000/- for each default is payable u/s.272B to the assessing officer.
Self-assessment is done on a taxpayer's return. The department assesses tax under section 143(3) (scrutiny), 144 (best judgement), 147 (income escaping assessment) and 153A (search and seizure). Notices for such assessments are issued under sections 143(2), 148 and 153A, respectively. Time limits are prescribed in section 153. [22]
If you had to submit an amended tax return this year, you may be wondering how come you haven't received your tax refund yet. Due to IRS staffing shortages and an influx of amended returns, the IRS...
Farmers - who constitute 70% of the Indian workforce - are generally excluded from paying income tax in India. Income tax returns are due in India generally on 31 July, 30 September or 30 November, depending on the category of taxpayer. Everyone who earns or gets an income in India is subject to income tax.