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Income Tax Updates

What is UIDAI? What is its full form? UIDAI refers to Unique Identification Authority of India. It is established under the provisions of Aadhaar Act 2016 [ i.e. Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016]. UIDAI is a statutory body established by the Government of India vide its notification no 13012/ 64/ 2016 dt 12 July 2016 under the Ministry of Electronics and Information Technology (MeitY). It is entrusted with the objective to issue Unique Identification number (UID) to citizens of India named asSEE DETAILS

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Income Tax Updates

Aadhar being the key document now a day has so much embedded in it to be still discovered. We all have got our UID cards issued and use it as a basic document of identity in all sectors. Whether it is about opening a new bank account, making some financial transaction, getting your passport done, applying some government done and such other endless avenues aadhar is the first and foremost presented document. It gives a unique identity to every citizen of India possessing it. Today, We bring some fun factsSEE DETAILS

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Income Tax Updates

31st March 2019 marks the end of Financial Year 2018-19. But, it also brings with itself a series of very important and crucial financial deadlines. Every taxpayer shall take care of these deadlines and prepare well in advance to avoid penalties and notices from the Income Tax Department. Last date to File ITR for the Financial year 2017-18 For the Financial Year, 2018-19 or Assessment Year 2018-19 the due date to file ITR was 31st July 2018. It was further extended to 31st August 2018. But, the belated return canSEE DETAILS

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Sachin Tendulkar
Blogs, Income Tax e-Filing, Income Tax Learning, Income Tax Refund, Income Tax Updates, Latest News

If you are also amongst those who invest a considerable amount in shares then you need to know this!! If the frequency of transactions is high, then that has always been a debatable issue in income tax that whether income is to be treated as capital gain or business income. Recently, the Same issue happened with India’s Master Blaster – Mr. Sachin Tendulkar. But before having a look on his case, let’s first quickly understand the Impact on your taxes under both the situations :1. When your Investments are taxableSEE DETAILS

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Walmart and Flipkart Deal
Income Tax e-Filing, Income Tax Learning, Income Tax Updates, Latest News

It won’t be wrong to say that the founders of a Startup are the most stressed person in their company. They leave all their comforts and do hard work day and night just for one cause – one day their company will reach a great height. They have to take care of everything. From generating business to paying salary, from taking strategic decisions to solving internal matters and the list is literally endless. This fact can be proved by the recent “Walmart-Flipkart Deal”. Although it made Bansal Buddies billionaires overnightSEE DETAILS

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Invalid ITR V
Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Help, Income Tax Learning, Income Tax Refund, Income Tax Updates, Latest News

Filed your return before the due date but forgot to verify before the expiry of time limit? Then in such case, your ITR has become an invalid ITR and now you would have to file the ITR again. Surprised? Yes, you heard it right. Now, you need to file your ITR as a belated return. Don’t know why? Let’s get the insight into the matter :What is Verification of ITR?Verification of ITR means to authenticate the ITR. In simple words, the Income-tax department asks you to verify the ITR so that itSEE DETAILS

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Track Status
Guides, Income Tax e-Filing, Income Tax Help, Income Tax Learning, Income Tax Updates, Latest News

Contents How to Apply For a New/Duplicate PAN Card? Why it is important to know your PAN card application status? What is the process to Track your PAN Card application status? Frequently Asked Questions (FAQs) On PAN Card Status  Applied for a New or a Duplicate PAN Card? But, it has been a long time since you heard from the department about it? Worried? Relax, you can easily track your PAN Card application status online through various modes. In this post, Tax2win will make you learn the procedure to checkSEE DETAILS

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Change in PAN
Blogs, Income Tax Help, Income Tax Updates

PAN Card or commonly known as Permanent Account Number is a very important document for undertaking financial transactions. For e.g., if you want to trade in share market then to open a Demat Account, quoting PAN is mandatory.Hence any change or amendment in PAN rules is sure to watch out for. Recently, CBDT introduced some new provisions regarding the applicability of PAN Card. What? You don’t know about them? Chillax! No worries when we are here for you my dear amigo.Let’s understand the amendments in a simple, and easy manner.WantSEE DETAILS

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Details for Sec 143(1)
Blogs, Income Tax e-Filing, Income Tax Help, Income Tax Learning, Income Tax Updates

Done with the filing and e-verification of ITR for F.Y. 17-18? Feeling Relaxed? Well, one more task is waiting for you i.e. processing of the ITR by IT department. Every year department sends you an intimation u/s 143(1) of income tax act which serves as a proof of processing your ITR. It is very important to check all the intimations or notices received by the department calmly and don’t fret. But the real problem is that many of us are not aware of the essence of such notices/ intimations. AndSEE DETAILS

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Income Tax Updates, Latest News, News

When the #MeToo Movement hit India, it opened up a Pandora’s box. So many brave women (in even some cases men) came out and shared their scandalous experiences. #MeToo wasn’t just limited to the entertainment industry, this storm engulfed finance, and the political sector as well.Then how can the Income Tax Department stay far behind from the #MeToo storm? Before you think of something scandalous, let us clear the air. We are talking about the recently pronounced judgement of ITAT in Sushmita Sen’s case. Still got no clue? No worriesSEE DETAILS

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