Tag Archives: Income Tax Act
PAN rules set for major
Under the draft, PAN will be required only if total cash deposits or withdrawals reach ₹10 lakh in a financial year.
PAN-Aadhaar linking: Clear rules, limited
PAN-Aadhaar linking is compulsory only when Aadhaar enrolment is mandatory.
Understanding tax implications on Diwali
Gifts from close family members, including the spouse, parents, siblings, children, and in-laws, are tax-free.
Understanding tax relief on arrears
Arrears can include salary, pension, rent, or other types of income that were delayed.
Things to know about Advance
Anyone whose estimated tax liability for the year is ₹10,000 or more is obligated to pay their taxes in advance.
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