If your Permanent Account Number (PAN) is not linked to your Aadhaar card, your PAN card will become inoperative from April 1, 2022. The Income Tax Department has extended the deadline to March 31, 2022 wherein all PAN maps in India must be linked to Aadhaar maps. All such PAN cards which are not related […]
Tag Archives: income tax
Account Payable
Tax Court in Brief | Hoops, LP c. Auditor: Deductibility of deferred compensation | law of the free man
26
Feb
Feb
Freeman Law’s “Tax Court Brief” covers all of the Tax Court’s substantive opinions, providing a weekly summary of its decisions in clear, concise prose. For a link to our Tax Court in Brief podcast, download here or watch other episodes of The Freeman Bill. Tax litigation: The week of February 21, 2022 to February 25, […]
Account Riot
Trump news – live: Ex-president hails Putin’s ‘brilliant’ move in Ukraine as E Jean Carroll case continues
23
Feb
Feb
Ad trolls Trump over January 6 committee developments Donald Trump hailed Russian President Vladimir Putin as “savvy” and called his decision on Ukraine “genius” in a new interview. Mr Putin’s steps towards a possible full invasion of Ukraine have seen a number of Republicans seek to blame Joe Biden for the crisis, arguing that Russia […]
13
Feb
Feb
Investment oi-Vipul Das | Posted: Sunday February 13th 2022, 01:54 PM [IST] The Post Office (TD) Term Deposit Account or the National Savings (TD) Term Deposit Account is a small savings scheme administered by the Department of Posts and supervised by the Ministry of Communications, Government of India . A Swiss Post Term Deposit (TD) […]
12
Feb
Feb
Image credit: IANS The Permanent Account Number (PAN) card is a unique identity, which is needed in many important places. The PAN card is required to perform any type of financial transaction, such as cash purchases of bank drafts, payment orders, and filing of tax returns. The PAN card is also required to create a […]
06
Feb
Feb
I was working in an organization and left recently after five years and nine months of continuous service. The Employee Provident Fund (EPF) of the said organization is managed under their private supervision and not in EPFO. It is linked to my Universal Account Number (UAN). The organization I joined now does not fall under […]
02
Feb
Feb
This tax season, you’ll want to set up direct deposit and fix any errors. Sarah Tew/CNET Work to get your filed tax return to the taxman? If so, you should add agency direct deposit setup to your to-do list, even if you plan to. file a tax extension. This can help you get your tax […]
30
Jan
Jan
The PAN card is an important KYC document for filing income tax return (ITR), opening a bank account for high value monetary transactions. It is therefore very important to have the correct name and date of birth on your Permanent Account Number (PAN) card. However, it has occasionally been seen that people receive a misspelled […]
Account Number
Fraud in post offices: check the measures taken for the proper functioning of POSB operations
28
Jan
Jan
The association of the account holder’s mobile number has already been mandatory since October 2017 for the opening of any new account at a post office. Fraud at the Post Office: Several cases of fraud linked to the Post Office Savings Bank (POSB) have been observed recently. This is in line with a recent memorandum […]
Account Payable
TDS on cash withdrawals from banks/post offices: here’s what the 2022 budget can do to relieve taxpayers
18
Jan
Jan
Income tax experts say there needs to be a provision to deduct tax under Section 194N because the money withdrawn is not income. In order to discourage cash transactions and move towards a less cash economy, the Finance Act 2019 (No 2) had inserted Section 194N into the Income Tax Act 1961 for withholding withholding […]
16
Jan
Jan
Citibank Term Deposit Interest Rates With a minimum investment of Rs 1000 and a variable term from 7 days to 1096 days, one can open a Citibank fixed deposit account. The interest rates shown below are payable quarterly on a compound interest/simple interest basis. Mandate Up to Rs 2 Cr Rs 2 Cr to Rs […]
15
Jan
Jan
Want to check the EPF balance? Here are five ways to do it New Delhi: If you hold an account with EPFO, you can easily check your EPF account balance and statement without having to visit EPFO offices. Contributions made to provident fund accounts are eligible for a deduction from taxable income under Section 80C […]
13
Jan
Jan
Income tax refund for AY 2021-22: The central government said on Thursday that it has so far processed the tax returns of more than 1.59 crore taxpayers. Sharing the update, the Central Board of Direct Taxation (CBDT) said on Twitter: “The CBDT is issuing refunds of over Rs 1.54,302 crore to over Rs 1.59 crore […]
Account Number
Invest in a Post Office PPF account, Sukanya Samriddhi? Check How To Deposit Money Online | Personal finance news
06
Jan
Jan
New Delhi: India Post allows investors to put their money into several savings programs such as Recurring Deposit, Public Provident Fund (PPF), and Sukanya Samriddhi program, among others. If you are an investor in any of these programs, you can now invest your money online through an India Post Payments Bank savings account. India Post […]
Account Number
ITR Verification: ITR for the 2020-21 evaluation year can be verified until February 28
02
Jan
Jan
ITR Verification: ITR for the 2020-21 evaluation year can be verified until February 28 New Delhi: The Income Tax Service has now informed that the Central Commission on Direct Taxes (CBDT) has decided to grant one-time relaxation for the verification of electronic tax returns that are pending electronic verification. The tax department said the last […]
28
Dec
Dec
The Aadhaar card which has a unique 12-digit identification number is an important document that Indian residents need to prove their identity. The card issued by the UIDAI is useful for benefiting from advantages, for example to complete computer declarations, to open a bank account, for government subsidies, etc. Also Read – Check ITR Using […]
26
Dec
Dec
The deadline for filing the Income Tax Return (RTI) for the 2020-2021 fiscal year, i.e. the 2021-2022 tax year for the general category of all taxpayers, whose accounts do not are not subject to verification and that covers all employees is generally July 31. every year but has been extended to December 31, 2021 from […]
12
Dec
Dec
I left a company (Company 1) in mid-October 2018 after 5.5 years of continuous service. I did not withdraw or transfer the EPF from company 1. At the end of October 2018, I joined company 2 where the UAN was identical to company 1. I left company 2 in January 2021 and I joined company […]
09
Dec
Dec
Which tax slips1 are issued and who reports income for tax purposes depends on the legal relationship underlying the account and whether the attribution rules of the Income Tax Act (ITA) will apply.2 An ITF can be a trust, a gift, or neither A trust requires three certainties: the certainty of the intention to establish […]
Account Number
Refund requested by filling in the Itr, but incorrect bank account number mentioned? Here is a step by step guide to fix it.
06
Dec
Dec
The Income Tax (IT) department recently said it issued refunds of over Rs 1.29 lakh crore in 8 months of the current fiscal year. This includes refunds of Rs 16,691.50 crore to 79.70 lakh taxpayers for the 2021-22 assessment year. While most taxpayers who filed their income tax return (ITR) for that tax year must […]
04
Dec
Dec
PAN map download: The permanent account number or PAN card has become an important document these days. From using financial services to filing income tax returns, the PAN card is needed everywhere. Without PAN, you cannot open even a simple bank account. PAN is also required to invest in any financial sector. However, losing a […]
03
Dec
Dec
Scope of the scheme a. “RBI Retail Direct” is a comprehensive program that provides the following facilities for retail investors in the government securities market through a portal: I. Open and maintain a “direct retail account for gilt” (RDG account) ii. Access to the primary issue of government securities iii. Access to NDS-OM Eligibility a. […]
Account Payable
AMERICAN OIL & GAS INC. Management report and analysis of the financial position and operating results (Form 10-K)
26
Nov
Nov
Results of operations For the past years October 31, 2021 and 2020, we had no income and hired $ 15,739 and $ 950, respectively, in professional fees. The increase in professional fees is explained by the fees incurred to update the company in its filings with the Security and Trade Commission. The Company has seen […]
21
Nov
Nov
The Post Office Monthly Income Scheme (POMIS) is one of the most popular risk-free postal savings programs where an investor can invest with a minimum deposit of ??1000. Investors from middle and low income groups may also consider this Post Office MIS as a tax saving option, as they are eligible for income tax exemption […]
Account Number
“Data breach at India’s largest custodian of Demat exposes investors to 4.39 cr”: electronic security firm
30
Oct
Oct
CDSL, a Government Registered Equity Custodian, Manages All Bombay Stock Exchange Traded Investor Accounts | Representative image: Dhiraj Singh | Bloomberg Text size: A- A + New Delhi: A team of cybersecurity researchers claims to have discovered a vulnerability in the servers of Central Depository Services Limited (CDSL), India’s largest depository system that manages demat […]
Account Payable
WECONNECT TECH INTERNATIONAL, INC. Discussion and analysis by management of the financial position and operating results. (form 10-K)
26
Oct
Oct
Unless otherwise noted, all currency figures quoted as “U.S. dollars”, “dollars” or “US$” refer to the legal currency of the United States. References to “MYR” or “RM” are to the Malaysian Ringgit, the legal currency of Malaysia. Throughout this report, assets and liabilities of the Company’s subsidiaries are translated into U.S. dollars using the exchange […]
20
Oct
Oct
The Biden administration’s controversial proposal to grant the IRS the power to track bank accounts with more than $ 600 in annual transactions is under review, following the rejection of Republicans and bank lobbyists who have called this decision to invade privacy by the federal government. A new proposal from the Democrats in the Senate […]
10
Oct
Oct
I took out two single premium Ulip contracts as follows: the first on July 26, 2011 for ??1 lakh ( ??1.25 lakh sum insured) and the second on May 7, 2014 for ??1 lakh ( ??1.25 lakh sum insured). I redeemed the policies on January 9 (i.e. after more than five years) and received ??2.25 […]
09
Aug
Aug
Once the withdrawal request has been verified and authorized in the CRS system, the product is then credited to the subscriber’s bank account. The pension regulator PFRDA has introduced instant bank account verification through the penny drop feature to help NPS subscribers and protect their interest for timely credit of the amount upon withdrawal. Penny […]
09
Aug
Aug
In addition, CRAs will have to advise the subscriber not to modify or close the existing bank account after the request for exit or partial withdrawal has been made until the amount is credited to the account. In order to resolve the problems encountered during the payment of subscribers upon leaving or partially withdrawing from […]
23
Jul
Jul
Have you received your first Child Tax Credit payment? The IRS just started rolling out July payments last week, and the federal agency has already made significant progress. By mid-July, the IRS had sent about 35 million payments worth $ 15 billion. Almost 9 out of 10 of these payments were deposited directly into beneficiary […]
16
Jul
Jul
Business oi-Vipul Das | Updated: Friday July 16, 2021 11:38 [IST] The deadline for linking the permanent account number (PAN) to the Aadhaar card has recently been extended by the government until September 30, 2021. You potentially experience difficulties with banking services and some financial transactions if your Aadhaar card and number permanent account (PAN) […]
06
Jul
Jul
Through Mariya Paliwala – July 6, 2021 6:54 p.m. The Income Tax Appeal Tribunal (ITAT), Delhi Bench, ruled that no income tax was payable on charges for technical services not rendered in India. The case of the person assessed, McCANN Erickson (India) Pvt. Ltd. was reopened for appraisal and the appraisal was drafted under Section […]
Account Number
Lost your PAN card? Here are 10 steps to download an e-PAN instantly | Latest India News
06
Jul
Jul
Similar to the Aadhaar card, driver’s license, passport and voter ID card, another essential document that every Indian citizen needs is a Permanent Account Number (PAN), which is a number of 10-character alphanumeric authentication assigned to each taxpayer in the country. . A PAN card is a warrant when it comes to opening bank accounts, […]
04
Jul
Jul
I worked with two organizations – from December 2017 to June 2018 in the first, and from May 2019 to June 2020 in the second – but I did not withdraw the amount of the employee provident fund (EPF) from any ‘them. My next job will start in April 2022. Do I have to transfer […]