pan

Find out your Income Tax Circle / Ward

With the increasing usage of Internet for Income Tax related work including tasks such as applying for PAN / TAN or filing Income Tax return, the common problem being faced by many taxpayers/ assessees is how to find out their particular Circle/ Ward/ Range in which they need to file return with or are assessed with.

Income Tax website to have a new look

Income Tax website to have a new look
The official website of Income Tax department www.incometaxindia.gov.in is being revamped and modified to host a whole range of features and utilities. With the advent of online filing of returns, online payment of taxes, it had become imperative for the existing website to become more customer friendly with easily accessibility.

TAN – Facts you should know

TAN or Tax Deduction and Collection account number is a unique ten digit alpha-numeric number required to be compulsorily obtained by all persons who are responsible for deducting or collecting tax at source on behalf of Income Tax Department.

Demat account – now also a source of rental income

Demat account – now also a source of rental income
While SEBI is busy framing rules and laws for streamlining the investment in shares, the smart investors manage to find out some or the other way to outdo the norms. Since PAN has been made compulsory for opening of demat account, the opportunistic investors have been deprived of the benefit of opening multiple accounts to corner more shares in IPO.