PAN-Aadhaar linking: If anyone fails to link their Aadhaar with PAN then their PAN card will become inoperative, which will create difficulties in filing I-T returns

It is mandatory to link your PAN with Aadhaar, according to the public message issued a fortnight before the deadline ends

Reliance, HUL, Amazon, Flipkart and Grofers are hooking neighbourhood stores as force multipliers

According to the Confederation of All India Traders (CAIT), about 6,000 kg of gold worth Rs 2,500 crore was estimated to have been sold till evening on Dhanteras day, as against 17,000 kg of gold worth Rs 5,500 crore on this auspicious day in 2018.

In coordinated raids, more than 300 Income Tax sleuths swooped down on premises linked to two prominent Congress leaders in Karnataka - former deputy chief minister G Parameshwara and former MP R L Jalappa's son J Rajendra

According to the income tax department, this new initiative of faceless assessment is expected to increase ease of compliance for taxpayers as the cost and anxiety of taxpayers are likely to be greatly reduced

This is the seventh time the Centre has extended the deadline for individuals to link their PAN with Aadhaar; it is now mandatory to link the two unique IDs for income tax purposes

This category of ITR is to be filed by those entities that are assessed under section 44AB of the I-T Act such as companies, partnership firms, proprietorship among others

The department has zeroed in on a computer-assisted scrutiny selection (CASS) cycle for FY20 and has chosen around 100 benchmarks to scrutinise returns under the new e-assessment system.

More than three weeks have passed for those who filed ITR closer to August 31. So, now is the good time for all taxpayers to check if they have received the refund

There are a few small finance banks that are offering interest rates higher than those in bigger banks in order to attract customers.

An ITR return needs to be verified within 120 days of filing of tax return.

The notification mentioned that CBDT would \"obtain demographic information of an individual from the Unique Identification Authority of India (UIDAI)\" for allotting PAN

The Income Tax department stated that there has been a 4% rise in the total ITR filings in FY20 at 5.65 crore (till August 31) from 5.42 crore in FY19.