As per a Supreme Court passed on 9 June 2017, if you have Aadhaar, it is mandatory to link it to PAN and mention the same in your tax returns. However, if you don’t have Aadhaar, you can e-file tax returns without the same for FY2016-17. Now you can link your Aadhaar and PAN through SMS also. The Income Tax Department has urged taxpayers to link their...
The Goods and Services Tax is finally about to be rolled out coming weekend and unfortunately for the government, who is leaving no stone unturned to take credit for the biggest tax reform, confusion rules among the small traders. For instance on as late as 11 June, the GST Council changed the tax rates for as many as 66 items. The items that...
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