Income Tax has launched the facility of issuing Instant PAN card through Aadhaar. This facility is free and available on the Income Tax e-filing website. It is a completely paperless process with the issuance of e-PAN card nearly real-time. The e-PAN card issue via this method holds similar value as a physical PAN card. This card contains a QR code. QR code holds complete information about PAN card such as Name of the holder, DOB, Father’s name as well as biometric. In order to get Instant PAN card all you need is Aadhaar card and linked mobile number.

On February 27, 2020 by www.taxexcel.net

Share It

No Comments

Read More

Section 87A provides an income tax rebate to a resident individual having prescribed income. This rebate is also available to senior citizens. However, for a Super Senior Citizens, this deduction becomes irrelevant.

On February 27, 2020 by www.taxexcel.net

Share It

No Comments

Read More

Download And Prepare At a Time 50 Employees  Automated Income Tax Form 16 Part B (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part B in New Format for A.Y. 2020-21]

 The main feature of this Excel Utility:-

1)   Prepare At time 50 Employees  Excel Based  Form 16 Part B ( Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]

2)   All the Amended Income Tax Section have in this utility as per Budget 2019

3)   You can print individual Form 16 Part  B

4)   Most easy to install just like an Excel File

5)   Easy to Fill all column

6)   Automatic Convert the Amount to the In-Words

On February 27, 2020 by www.taxexcel.net

Share It

No Comments

Read More

Resetting Income tax e-filing password is not so difficult for a taxpayer but it becomes difficult when the mobile no. and email id. is not belongs to the taxpayer. Most of the taxpayers submits their income tax return through their tax consultant, CA or other concerned person. In many cases those experts gives their personal mobile no. and email id. in the taxpayer's profile. As a result, when any taxpayer changes their tax consultant or CA, the taxpayer faces difficulty to reset password. In earlier so many easy options were available to reset income tax efiling password, but now the department increases security to prevent fraudulent activities.

On February 19, 2020 by www.taxexcel.net

Share It

No Comments

Read More

The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2018-19 since the 12 May  2019. This Format is more explore the employee’s Salary Details.

On February 16, 2020 by www.taxexcel.net

Share It

No Comments

Read More

ITR Filing Due Date 2020: Section 139 of the Income Tax Act provides various provisions for filing tax returns.

Income Tax Return (ITR) Filing 2020: The Finance Bill 2020 has extended the due date for filing of return by companies and persons who are required to get their accounts audited. The due date for such taxpayers has been extended from September 30 to October 31 of the Assessment Year. The date has been extended through amendments in Section 139 of the Income Tax Act.

On February 14, 2020 by www.taxexcel.net

Share It

No Comments

Read More

The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats for both, thereby leaving some ambiguity regarding their individual composition.

On February 13, 2020 by www.taxexcel.net

Share It

No Comments

Read More