Income Tax Latest News, Circular, Act, Slab, Articles, Notification

The next phase of tax reform is starting by the government, under which it is possible to reduce the number of forms available for filing income tax returns. If this much has happened under Income Tax Latest News, then it is expected that this unforgettable change will bring a lot of relief to all taxpayers. 

As a result of which the time taken for filing Tarun will come down. After Kovid-19, it has become clear that there are clear signs of improvement in the economy.  According to Income Tax Latest News, there has been a significant increase in direct and indirect tax collection. The government will implement this decision more quickly so that tax evasion does not take place in the coming years.

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Income Tax Latest News

Along with this, apart from online gaming, the government is also making strict laws for e-commerce and online service providers. According to Income Tax Latest News, the government’s agenda will be the taxation of crypto currency, detailed economy, taxation will be the main aspect The income tax payers of the entire country are going to get a big surprise from the Modi government at the center.

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In fact, according to the information received from the sources, the government is discussing the implementation of the new tax system. According to Income Tax Latest News, there is a provision of the government that the limit of income tax exemption should be increased from ₹ 250000 to ₹ 500000. 

Income Tax Returns 2023 Overview 

Article Caption  Income Tax Latest News
Category  Income Tax Return 
New Recommendations for Income Tax Relaxation Till Rs. 5 Lakh
Department  Income Tax Department 
Year 2023
Pan Aadhar Link last date  31 March 2023
Other Information  Given In Article 


Income Tax Latest News In Hindi

That is, at present, taxpayers do not have to pay any kind of tax up to Rs 2.5 lakh. Under Income Tax Latest News, the government believes that with the implementation of this rule, money will increase in the hands of taxpayers and they will be able to spend more and this can also give a boost to the economy.

The information received regarding the budget 2023, quoting the sources, will probably start from the coming week.  Under Income Tax Latest News In Hindi, under the budget making exercise related to Income Tax Latest News, the agenda related to tax is going to start from next week. Under which such new tax system related changes can be discussed. 

But along with this, according to Income Tax Latest News In Hindi, special care will also be taken that there should not be much loss in the revenue received by the government. If the arrangement is made on such consent. So this Income Tax Latest News can also be announced by Finance Minister Nirmala Sitharaman under the general budget which will be presented on 1st February.

Income Tax Latest News
Income Tax Latest News

Income Tax Latest Update 

If you are also one of those who pay income tax online, then this news is only for you, in fact, according to the type of information received under Income Tax Latest Update, now you are well-known in the country. You will not be able to pay income tax from your account opened in banks.  

According to the guidelines of the Central Board of Direct Taxes, under the news that has come out in the context of Income Tax Latest News, how many banks will have to switch from the OLTAS e-payment of tax facility on the Tin NSDL website. Actually this has happened when the new direct tax payment system i.e. CPC 2.0 -TIN 2.0 has come up with respect to collection of direct tax. 

In this way, the banks in which income tax payments have stopped include Central Bank of India, Indian Bank, Karur Vysya Bank, Bank of Maharashtra, Bank of India, Federal Bank, Kotak Mahindra Bank, Indian Overseas Bank, ICICI Bank and Axis Bank under Income Tax Latest Update. 

Income Tax Return News

While paying tax electronically, some charges are levied on the taxpayers.  Similarly, on choosing the mode of income tax payment with the help of NEFT or RTGS, transaction charges are applicable as per Income Tax Return News.  According to Income Tax Latest News, if payment is made through credit card, then 0.85 percent extra and through net banking, a minimum fee of ₹ 5 and a maximum of ₹ 12 is applicable. 

Whereas there were no such charges on the website of NSDL. But under this new website OLTAS these types of charges are applicable. However, this type of facility is still available at State Bank of India, Punjab National Bank, Punjab & Sind Bank, Bank of Baroda, HDFC Bank, IDBI Bank, Jammu & Kashmir Bank, UCO Bank, Union Bank of India.

Aadhar-PAN Link Latest Updates

If you have not yet linked your PAN card with Aadhaar, then this news is only for you, you have to pay attention to this Aadhar-PAN Link Latest Updates, under which an important notification has been issued by the Income Tax Department to link PAN with Aadhaar. 

Information has been issued according to which under Income Tax Latest News such PAN card holders who are out of the exemption category under the Income Tax Act 1961, now it has become mandatory for them to link their PAN with Aadhaar before March 31, 2023. 

According to Aadhar-PAN Link Latest Updates, if such action is not taken by the PAN card holders, then their PAN card will be deactivated from 1 April 2023. The date for taking action on this type of information by the Commission was earlier also fixed as 1st July, 2022.

Aadhar-PAN Linking Last Date

According to the Aadhaar-PAN Linking Last Date given by the government to link PAN card with Aadhaar, the date has been fixed as 31st March 2023. If you do not link your PAN card with your Aadhaar card till then you may have to lose the validity of your PAN card. 

  • For this, first of all, you have to login to the official website of the Income Tax Department and enter the name and date of birth given in the Aadhaar card through PAN card number and user ID. 
  • After this, under Aadhar-PAN Linking Last Date, you will have to enter your Aadhar card number and captcha code by selecting the option of Aadhar card link in the profile setting of the account.  
  • Here you will now see the option of Link Aadhaar, you have to click on this option.  
  • In this way your PAN card will be successfully linked with an Aadhaar card.

FAQs regarding Income Tax Latest News

According to Income Tax Latest News, what is the last date to link a PAN card with an Aadhaar card?

The last date for linking PAN card with Aadhaar card is March 31, 2023.

What action can be taken if a PAN card is not linked with an Aadhaar card?

If you do not link your PAN card with your Aadhaar card, your PAN card may become inactive from 1 April 2023.

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