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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.
eVerification: Use of Aadhar Card or Bank Account is made to ensure verification of ITR by taxpayers. It is user-friendly and removed of the hassle of sending the hard copy of the ITR-V form to CPC Centre at Bengaluru, Karnataka.
A large number of people remain without identity documents - poor people especially. In order to include them, identity requirements for Aadhaar have been reduced, however biometric facilities have been provided to reduce or eliminated duplication, so while it may be possible to obtain the card under a false name, it is less likely to be able to obtain another Aadhaar card under a different ...
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Parts of this article (those related to Lead, History - Present day, Amnesty, New Tax regime, tax brackets, deductions, due dates, TDS, penalties) need to be updated.The reason given is: Finance Act, 2025 and Income Tax Act, 2025 recent changes.
The rules issued by the Union Government mention that the only "sufficient cause" for a person to not link their Aadhaar Card with the Voter ID Card is if the person does not have one. The election officials cited 'orders from above' to pressure voters into linking these documents. [257] The linkage of Aadhaar with Voter ID cards has several ...
Protean eGov Technologies Limited (previously NSDL e-Governance Infrastructure Limited) is an Indian technology company headquartered in Mumbai. [1] The company focuses on developing digital public infrastructure (DPI) and e-governance initiatives for various governmental bodies in India. [2]
The Income Tax Act, 1961 is the charging statute of income tax in India.It provides for the levy, administration, collection, and recovery of income tax. The Government of India brought a draft statute called the Direct Taxes Code intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957.