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How to check genuineness of Income Tax Return – Bankers Alert

How to check genuineness of Income Tax Return – Bankers Alert!   Online e-filing of income tax returns has been made very easy – thanks to the tools available on e-filing site of income tax India. Public at large often file their income tax returns online and generate the Income Tax Acknowledgement (ITR-V) to submit […]

Pending Bills or Taxes can Lower Credit Score?

Non-Payment of Bills can also Lower Credit Score?    India is fast moving towards digitalization and transparency. So far your credit score was adversely affected only because of default in payment of bank loans but now the concept is being stretched further to payment of bills, income tax, sales tax and other dues either towards the government or […]

Can IT Notice be resolved online?

How to resolve IT Notice online?    Have you received notice from Income Tax Department? Do not panic? Notice does not necessarily mean that you have to pay more taxes or any penalties. Some notices are just sent to you to for the sake of information or alert. Now the IT Department has facilitated the process of filing […]

How to Manufacture IFSC Code of Banks from Account Numbers

The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to […]

Can eSign replace Digital Signatures?

Can e-Signatures replace Digital Signatures?    Presently if someone has to digitally sign any document then one has to purchase pen drive, dongle to store the etoken from anyone of the authorised service providers for digital signatures. Alternatively one has to get key from online agencies and the same has to be stored in the […]

Why Samadhan Kender only for PAN Cards?

Why Samadhan Kender only for PAN Cards?  Often public asks “What is the big deal in getting the PAN Card issued”? PAN agents are available at every corner of the street and they will just obtain your signatures on the blank Form 49-A along with self attested copies of your ID Proof like Aadhaar, Voter […]

IT Return Wake up Call before it is too Late

Income Tax Department has identified 58,95,830 non-filers of IT returns, for the Assessment Year 2014-15, who have: Deposited Cash of Rs.10,00,000 or more in a Saving Bank Account. Purchased immovable property valued at Rs.30,00,000 or more. Received Rental income u/s 194l The Income Tax Department has drawn the list of non-filers through NMS (Non-filers Monitoring System). […]

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