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How Does Faceless Income Tax Assessment Work?
After founder of the country's largest coffee chain, VG Siddharta, committed suicide in July and allegedly left a letter that said that he was harassed by tax authorities, the government fastened the process to implement the faceless income tax (IT) assessment. ...
How Does Faceless Income Tax Assessment Work

Here's How Sovereign Gold Bonds Are Taxed
The Reserve Bank of India (RBI) periodically issues sovereign gold bonds which are efficient alternatives to investment in physical gold. Currently, the SGB Series V is open for investors. Apart from being market-linked options to invest in gold, SGBs have other ...
Personal Income Tax Slab May Change For Salaried Class
After a slew of measures announced in the last few months to reinvigorate the ailing Indian economy and push investment culture including the recent cut back on corporate tax rate for corporate and new manufacturing enterprises, waiving off of increased surcharge ...
Income Tax Dept Warns Of Fake Refund SMS
Now that the income tax filing season is over, taxpayers are due to receive their tax refunds for the financial year 2018-19. Taking advantage of the opportunity, fraudsters are sending phishing SMSes with links posing as the Income Tax department. {image-hacker-1568797754.jpg ...
What Is PAN Verification? How It Can Be Done?
Permanent Account Number (PAN), the ten-digit alphanumeric ID issued by the Income Tax Department serves as both an ID proof and is one of the essential document when it comes to tax matters i.e. for filing tax returns as well as ...
What Is Pan Verification How It Can Be Done
CBDT Notifies E-Assessment Scheme For Faceless Tax Scrutiny
In an attempt to make the assessment process more transparent and corruption-free, the Finance Minister Nirmala Sitharaman earlier said that the tax department will promote faceless tax scrutiny. And continuing with it, the CBDT via a notification issued on September ...
Cbdt Notifies E Assessment Scheme For Faceless Tax Scrutiny
CBDT Relaxes Prosecution Rules For TDS And ITR Defaults
The CBDT has relaxed norms in relation to prosecution procedure specified in case of defaults on TDS payment whether it be quantum or the time lapsation. At the same time, it has eased action on tax filers who default by under-reporting ...
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