Income Tax Easy Filing

CBDT releases e-filing utility for ITR 3, ITR 4 and ITR 7 for A.Y. 2015-16

To download the forms please access the link given below:

https://incometaxindiaefiling.gov.in/

e-Filing Home Page, Income Tax Department, Government of India

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Service tax rate has been hiked from 12.4% to 14% effective from today(June 1).
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent.
The tax is levied on all services, expect a small negative list. Some of the key services that will attract higher tax and hence become costlier are: railways, airlines, banking, insurance, advertising, architecture, construction, credit cards, event management and tour operators.

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PAN Card to be issued in Flat 48 hours

The government will soon launch a facility under which a PAN card will be issued within 48 hours of applying.

“An online facility for issuance of PAN is on the anvil under which an applicant can get a PAN card within 48 hours,”.

Besides, special camps will be organised throughout the country, including rural areas, to help people get PAN cards.

PAN ( Permanent Account Number) is a 10-digit alphanumeric number, issued in the form of a laminated card by the Income Tax Department.

Recently, the Central Board of Direct Taxes (CBDT), the apex policy-making body of the I-T Department, had issued a notification making the Elector’s Photo Identity Card (EPIC) and Aadhaar valid proofs of “date of birth” for obtaining a PAN card.

PAN is required for filing return of income, sale or purchase of any immovable property beyond a certain amount, and sale or purchase of a motor vehicle, among others.