Home Investment Master NRI Master Glossary Contact us

Latest News & Amendments

Quoting of AADHAR is now been made mandatory for filing Income Tax return....

CBDT has made it mandatory to quote AADHAR in Income Tax Return from 1st April 2019 unless otherwise specifically exempted. Now from 1st April 2019 Income Tax return can not be filed either in paper mode or electronically without quoting your AADHAR number.

Last date for linking of AADHAR with PAN is however extended till 30th September 2019.

Dated: 31st March 2019
Source: CBDT-Notification No. 31/2019
CBDT brings in some changes to PAN Rules apllicable from 5th December 2018....

PAN mandatory for any entity entering into financial transaction of Rs. 250000

Any entity not being an individual must have PAN if they are entering in financial transaction of Rs. 250000 or more in a financial year.

PAN can be applied only with Mothers name

Now in case of mothers being single parent, the child can apply for PAN with filling only mothers name in the application form.

Dated 19th November 2018 & applicable from 5th December 2018
CBDT extends due date of filing Income Tax Return and Audit Reports from 30th September 2018 to 15th October 2018 for AY 2018-19....

CBDT has extended the due date for filing Income Tax Returns and All the Audit Reports from 30th September to 15th October for the Assessment Year 2018-19.

However interest charged for default in filing Income Tax Return u/s 234A will  be applicable as the due date of the same is not extended.

Dated 24th September 2018
Updated Income Tax Return Forms with last date extension are available for filing for the Assessment Year 2018-19....

Consequent to the extension of last date of Income Tax Return for Assessment Year 2018-19, the updated Income Tax Return preperation offline utilities as well as the on line Forms are now available for filing on e-filing portal of Income Tax.

Dated 1st August 2018
Last date for filing Income Tax Returns for the Assessment Year 2018-19 extended to 31st August 2018 by CBDT....

CBDT extends the due date for filing Income Tax Returns for the Assessment Year 2018-19 from 31st July 2018 to 31st August 2018.

Earlier there was no penalty for filing a belated retrun, but from the Assessment Year 2018-19 a penaly upto Rs. 10000 will be imposed for delayed filing of return. Considering this a relief is given to the tax payers for filing there returns on time.

Dated 26th July 2018

Cost Inflation Index for the financial year 2018-19 is notified by CBDT....

Central Government specified the cost inflation index  for the Financial Year 2018-19.

Index for financial year 2018-19 is 280.

Dated: 14th June 2018
Click Here for the complete list of cost inflation index
All ITR Forms for Assessment Year 2018-19 are now available for e-filing....

CBDT has notified ITR forms for the assessment year 2018-19.

All ITR forms for Assessment Year 2018-19 (financial year 2017-18) are now available for e-filing at

Dated 26th May 2018

content and images copyright, 2011-2020