Day: February 8, 2019

Going by the Budget 2019 proposals, a salaried individual with gross total income up to Rs 7.75 lakh can invest in various tax saving avenues and avail of different deductions to reduce taxable income to Rs 5 lakh and consequently pay no tax for FY2019-20. Such a person would be saving tax of Rs 15080 compared to tax payable in current FY 2018-19, according to EY analysis. Here’s how. Say…

Facebook-owned WhatsApp is removing at least two million accounts each month for bulk or automated behaviour and over 75 per cent of those without recent user reports. According to the company, these efforts are particularly important during elections where certain groups may attempt to send messages at scale. “While there are many actors trying to abuse the free service we provide, we are constantly advancing our anti-abuse operations to keep…

Linking Permanent Account Number (PAN) with Aadhaar or Unique Identity Number, a 12-digit personal identification number issued by the Unique Identification Authority of India is mandatory for filing of income tax return (ITR), the Supreme Court said in an order on Monday. The top court’s direction came on an appeal filed by the Centre against a Delhi High Court order allowing two persons, Shreya Sen and Jayshree Satpute, to file…

CBDT Chairman Sushil Chandra said that just 23 crore PAN card holders, out of 42 crore cards issued, have so far linked their cards with biometric ID Aadhaar, even as the deadline to link the two comes to an end on March 31, 2019. “By linking with Aadhaar, we will know whether there are any duplicate PAN or not. And there are certain duplicate PANs… If it is not linked,…