Today Finance Minster launched the new initiative called Aaykar Setu App and the same feature in IT Department portal. There are many new features which are user-friendly. Let us see the features. Ayakar Setu App and Website Features # Ayakar Setu App features To download the Aaykar Setu App, you … [Read more...]
All about 15 digit GSTIN (Goods and Services Tax Identification Number) format
Now the noise of GST will certainly come down as the GST is a reality from 1st July 2017. There are certain changes in the system. One such change is TIN of VAT regime to 15 digit GSTIN (Goods and Services Tax Identification Number). Let us see what is this number and how to identify it. What is … [Read more...]
How to link Aadhaar with PAN Card OFFLINE (Download Form)?
Earlier IT Department provided online and SMS based option to link Aadhaar with PAN Card. However, many individuals facing issues while linking. Hence, now IT Dept started an option link Aadhaar with PAN Card OFFLINE. Let us see the feature and how one can link offline.In my earlier post, I … [Read more...]
Tax Savings options other than Sec.80C for FY 2017-18
A majority of us are aware of the Sec.80c options. But are you aware of the Tax Savings options other than Sec.80C for FY 2017-18? In this post, let us explore those options and how wisely you can save tax.In my earlier post, I explained in detail about what are the investment instruments you … [Read more...]
Cost of Inflation Index for FY 2017-18 (AY 2018-19)
CBDT on 7th June 2017 announced the Cost of Inflation Index for FY 2017-18 (AY 2018-19). The biggest change this year is that the base year was changed from the earlier FY 1981-82 to FY 2001-02. What is Cost of Inflation Index (CII)? It is a measure of inflation that is used for computing Long … [Read more...]
Unable to link Aadhaar with PAN – What are the alternatives?
Effective from 1st July 2017, it is mandatory to quote Aadhaar for the filing of IT Returns and also linking Aadhaar with PAN. However, many taxpayers were unable to link Aadhaar with PAN. How to resolve this issue?Note-I have updated this post again on 2nd July 2017, after IT Dept started … [Read more...]
Income Tax Return Forms AY 2017-18 (FY 2016-17) – Which form to use?
CBDT notified the ITR or Income Tax Return Forms AY 2017-18 (FY 2016-17). There are few major changes in these forms. Let us see in detail these changes and understand which form you can use.There is no change in the manner of filing of ITR Forms as compared to last year. All these ITR Forms are … [Read more...]
Mutual Fund Taxation FY 2017-18 and Capital Gain Tax Rates
Budget 2017 is finally out and now let us discuss the Mutual Fund Taxation FY 2017-18 and Capital Gain Tax Rates. There are no major changes. However, let us refresh it. 3 Factors that determine the Mutual Fund Taxation First, let us understand what are the factors that determine the Mutual Fund … [Read more...]