Demon effect: CBDT says 1.07 cr new taxpayers added in FY18

The Central Board Of Direct Taxes (CBDT) said 6.87 crore income tax returns (ITRs) were filed during FY 2017-18 as compared to 5.48 crore ITRs filed during FY 2016-17, translating into a growth of 25 per cent, in its recent statement. Continue Reading

Financial discipline

‘It has been reported in some sections of the media that those PANs which are not linked with Aadhaar number by March 31, 2019 may be invalidated. The matter has been considered by the Central government and now the cut-off date for intimating the Aadhaar number and linking PAN with Aadhaar is September 30, 2019 unless specifically exempted.’ Continue Reading