On the day when two new Union Territories – Jammu and Kashmir and Ladakh – were formed, the Central Board of Direct Taxes (CBDT) announced an extension in the last date of filing the Income Tax Return to November 30. Apart from ITR, Tax Audit Report can also be filed on November 30 for all categories.

Well, it is just a suggestion and it would be noteworthy that a cheer must follow only after the proposal is accepted by the government, who is keen on increasing the tax share.

The Finance Ministry has extended the deadline to file an Income Tax return (ITR) for FY 2018-19 from July 31 to August 31, 2019.

Swiss bank is all set to share the first set of banking information between India and Switzerland before the September 30 deadline. This follows the Automatic Exchange of Information (AEOI) agreement signed between the two countries, and which came into force January 2018.

Income Tax filing time has come where many of us look forward to increasing our investments which may help in saving tax and also better returns. According to experts, it is always beneficial to go for long-term investments. Here are 10 ways one can choose to invest his money wisely.

Nirmala Sitharaman will be presenting the first union budget of BJP-led NDA's second term on Friday and going by media reports; it looks like middle-class taxpayer will get a lot to cheer about by the end of the day.

Kind attention! The Income Tax Department has announced that it will only issue refunds via the e-mode into bank accounts of taxpayers only if they have linked their PAN with their accounts. The department said refunds will be sent to bank accounts as it will issue "only e-refunds from March 1, 2019."

Aadhaar, the 12-digit biometric ID is an important official document for every citizen of India. It is issued by the Unique Identification Authority of India (UIDAI). These days, linking Aadhaar with various services such as Permanent Account Number (PAN) issued by Income Tax Department, bank account number, mobile number, Universal Account Number (UAN) issued by the Employers Provident Fund Organisation (EPFO), and several other official services have become mandatory for all of us.

PAN card in India is considered as an identity proof of an individual. In many financial tasks, it is considered as an official document, which if not submitted, can keep the whole work hanging. Even, when a PAN Card has wrong name printed, one has to face many difficulties. In some case, it can be considered a fake one.

Good news for middle income tax payers. Prime Minister Narendra Modi and Finance Minister Piyush Goyal's mission of bringing a revolutionary change in India by 2030 seems to be taking a true path. Mr. Goyal, today in union budget 2019, has doubled income tax exemption limit to Rs 5 lakh.