PAN 2.0: How to apply and get a new PAN on your email ID? Here is a step-by-step guide
The Income Tax Department has clarified that existing PAN cards of taxpayers and individuals are valid even without the QR code under the PAN 2.0 project. Allotment, updation or correction of PAN will be done free of cost and e-PAN will be sent to the registered mail id. For a physical PAN card, the applicant […]
ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide
The Income Tax Department’s repeated reminders about the July 31 income tax returns (ITR) filing deadline are important. With more than four crore ITRs already submitted for AY 2024-25, it’s evident that many taxpayers are attentive to their tax responsibilities. To check the status of your income tax refund online using only your PAN card, […]
ITR Filing 2024: How to submit a condonation request for delay in ITR verification? A step-by-step guide
The Income Tax Department is aware that unanticipated events can occur and result in you missing the filing or certification deadline for your Income Tax Return (ITR). They therefore provide the choice to ask for a delay condonation. This essentially allows you to request leniency from them and submit your return even if it’s past […]
How to download Form 16A from the TRACES website, SBI, HDFC Bank, ICICI Bank
The Form 16A is a TDS Certificate that shows all TDS amounts submitted to the Income Tax Department. When non-salary payments like TDS professional fees, rent, and bank interest are made, the deductor provides a “TDS Certificate” to the IT Department. Form 16 A downloaded from TRACES are considered as valid TDS certificates. Form 16 […]
How to deal with AI & ML generated tax notices: A human perspective
The Income Tax department’s increased use of artificial intelligence (AI) and machine learning (ML) tools in processing tax returns has led to a flurry of automated notices and text messages to taxpayers, indicating some discrepancies in their tax filings. Under the e-verification scheme, the tax department is issuing notices to employers to verify discrepancies in […]