The Central Government is planning a major change in the Income Tax Act, which will be part of the upcoming Income Tax Bill 2025. Now, those who earn less than the amount that needs to be taxed won’t have to fill out the full Income Tax Return (ITR)
As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Read further on Dynamite News:
It said that the number of complaints is much higher than 196 complaints filed during the corresponding period of last financial year. The majority of person have been prosecuted for an offence under section 276 CC for not Filing return of income followed by offence under section 276B for not depositing TDS in government accounts in time.
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