Income Tax Act

PAN- Aadhaar Deadline Extended | Extension of Date for linking PAN and Aadhaar

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PAN-Aadhaar

The date of linking PAN-Aadhaar has been extended by the government to Jun 30, 2023. Those who link it now will have to pay a fine of Rs 1000. The fine was levied after last year’s deadline of June 30, 2022 If you fail to link your PAN and Aadhaar after 30th June 2023, you … Read more

ICDS: What is ICDS? | Applicability of ICDS and disclosure requirements under income tax act.

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  The notified ICDSs have to be followed by all assessees (other than an individual or an undivided Hindu family who is not required to get his accounts of the previous year audited in accordance with the provisions of section 44AB) following the mercantile system of accounting, for the purposes of computation of income chargeable … Read more