Daily Archives: 1st August 2019

Budget 2019: No need for a PAN, you can quote Aadhaar number for filing I-T return

With an aim to simplify tax administration and bring greater transparency, FM has proposed inter-changeability of PAN and Aadhaar. “Those who don’t have PAN, can file ITR by simply quoting Aadhaar number,” Sitharaman noted. Now, you can simply quote your Aadhaar card number to pay taxes without the need for a PAN card. Earlier in […]

Funds transferred from PF to NPS not taxable: PFRDA

NEW DELHI: Regulator PFRDA today said funds transferred from provident fund account to National Pension System (NPS) account will not attract any tax. “The amount so transferred from recognised Provident Fund/Superannuation Fund to NPS is not treated as income of the current year and hence not taxable,” it said while specifying procedure for effecting transfers. […]

Form 26AS: What is it and how does it help in filing income tax return?

By Shalini Jain The due date for filing your income tax return (ITR) is fast approaching. One of the most important documents that you need to verify prior to filing your ITR is your Form 26AS. What is Form 26AS This form is an annual consolidated tax statement that can be accessed from the income-tax […]