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How to Link Aadhaar number with PAN

Last updated : 21st July, 2017 From 1st July 2017,  quoting Aadhaar (Aadhaar number / enrolment ID) has become mandatory for income tax return filing and for applying for Permanent Account Number (PAN). The central government has notified that the requirement of quoting Aadhaar for income tax returns filing and application for PAN shall not apply to an individual who is residing in the states of Assam, J&K, and Meghalaya; a non-resident as per the Income tax Act, 1961; of the age of 80 years or more at any time during the previous year; not a citizen of India. All ... Read More »

[How to] View your Form 26AS online – Check Tax Credit Statement

Last updated : 19th July, 2017 The last date for filing return is quite near (31st July). Before filing the returns, check your Form 26AS to make sure that TDS deducted are appropriately credited to your account. When your employer deducts TDS from your Salary or your bank deduct TDS on your FD Interest, they need to deposit this amount to Government against your PAN. If they enter your PAN incorrectly, you will not get credit for that TDS amount. So, It is always better to check your Tax Credit Statement (Form 26AS) before filing your Income Tax return. What ... Read More »

[How to] check PF balance online in India via UAN, SMS, Missed Call, App

Last updated : 9th July, 2017 EPFO (Employees Provident Fund Organisation) provides option to check you PF balance online. Once you enter your details, you will get your balance via SMS on your mobile number. Whether you want to check your PF balance for Delhi,  Gurgaon,  Noida, Hyderabad, Bangalore, Chennai, Gujarat, Mumbai, Andhra pradesh, Pune, Karnataka, Kolkata etc,  you can use the steps below to get your balance via SMS. Please note that some big organizations have their own PF trust and they do not keep money with EPFO. In such cases, you cannot check the balance online by using ... Read More »

IT dept launches facility to correct PAN or Aadhaar details

Last updated : 14th May, 2017 The government, under the Finance Act 2017, has made it mandatory for taxpayers to quote Aadhaar or enrollment ID of Aadhaar application form for filing of income tax returns (ITR).Also, Aadhaar has been made mandatory for applying for permanent account number with effect from July 1, 2017. To link PAN with Aadhar, IT dept has launched online facility, but the details in PAN and Aadhaar needs to be same. Read my post on – How to link PAN with Aadhaar online with/without login. If for some reasons, your details in PAN and Aadhaar are ... Read More »

IT dept launches new simple facility to link PAN with Aadhaar

Last updated : 14th May, 2017 The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar. Responding to grievances of taxpayers regarding difficulties in linking PAN with Aadhaar their names did not match in both systems (Eg. Names with initials in one and expanded initials in another). the Department has come out with a simple solution now. There is no need to login or be registered on E-filing website. This facility can be used by anyone to link their Aadhaar with PAN. Taxpayers can go to www.incometaxindiaefiling.gov.in and click on the link on the ... Read More »

How to link Aadhar card to PAN online?

Last updated : 14th May, 2017 Government has made it mandatory to link Aadhaar card to your PAN before 30 July otherwise, PAN card may be rendered invalid.  However, a case is pending in Supreme court to challenge its constitutional validity. To be on safer side, you may want to link Aadhaar card to PAN online – the process is quite simple. Login to Income Tax efiling website – https://incometaxindiaefiling.gov.in/ Under Profile Settings tab – there is an option “Link Aadhaar”. You need to enter your Aadhaar number & Name as per Aadhaar The Aadhaar will be now linked to ... Read More »

Online PF withdrawal facility started – Details & Process

Last updated : 5th May, 2017 From 1st May 2017, EPFO has launched facility to apply for PF withdrawal online. Previously, you could check the PF balance and apply for PF transfer online, and now you can withdraw PF online as well. This will be huge benefit for the PF subscribers. Details & Features of online PF withdrawal facility Members will be able to withdraw full PF amount, partial PF amount and pension.  The three forms – Form 19, Form 31, and Form 10-C — together form more than 80% of EPFO’s claim workload. Online PF withdrawal can be done ... Read More »

How to transfer balance from EPF to NPS – Should you transfer?

Last updated : 14th March, 2017 PFRDA has now notified the procedures (on 6th March 2017) through which EPF members can transfer their PF balance to NPS (New Pension System). In Budget 2016, one of the proposals  was to provide one time portability or transfer option from EPF to NPS. In this post, we will focus on procedures to transfer balance from EPF to NPS, current hurdles and whether it makes sesnse to transfer?  Requirements and Process for transferring EPF to NPS You need to have a NPS Tier 1 Account. You can open NPS account through employer, banks/entities registered as PoPs, ... Read More »

[How to] Invest in Mutual funds in India – online / offline options

Last updated : 15th March, 2017 Mutual funds are one of the best options for Retail investors to invest their money in different asset classes. It gives benefit of professional management of your money, offers liquidity, allow diversification and tax benefits. A.   Quick overview of process to Invest in Mutual funds 1) Submit KYC Form – KYC is must for the first time investors and need to be done ONLY ONCE and valid for all Mutual fund houses. You need to submit KYC form along with the Proof of ID & Address. You can submit it to your nearest ... Read More »

Cost Inflation Index for Capital Gain – Base changed in Budget 2017

Last updated : 16th February, 2017 In Budget 2017, the base for Cost Inflation Index is changed. lets see what the change is and how it wil impact the investors. Currently, for cost inflation index, the base year is 1981. which means if you have any property acquired before 1981, you need to get the fair market value in 1981 and then apply indexation. Now, with the proposed changed, the base year will become 2001. This means, if you have any property acquired before 2001, you need to get the fair market value in 2001 and then apply indexation. In ... Read More »

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