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Income Tax

Taxes are mainly of two types, direct tax and indirect taxes. Income tax is the direct tax charges on the income earned during a financial year by the individuals, HUF, Association of Person, Charitable Trust and other specified person. Taxes are sources of revenue for the government. Government utilizes this revenue for developing infrastructure, providing healthcare, education, subsidy to the farmer/agriculture sector and in other government welfare schemes.

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IT Press Release

Here is the latest press release introduced by the Income tax department. Check out to know the new press release.

ITR Verification Time Limit reduced from 120 days to 30

ITR Verification Time Limited reduced

As per the notification release by CBDT, the time limit for ITR E-Verification has been reduced from 120 days to 30 days, Read to know more

Penalty in case of non-filing of ITR

Penalty in case of non filing of ITR

In order to avoid penalties, file your Income Tax Return timely. To know what all penalties are applicable, check out the article.

PPF WITHDRAWAL RULES

PPF Withdrawal Rules

If you want to about PPF Withdrawal Rules, then here is everything you need to know. Know its withdrawal limit, form, withdrawal process.

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