Bank Account Verification Archives

Income Tax Bill 2025: CBDT can frame rules for ITR forms, review credit card bills, bank accounts

21 February 2025 by Admin

The Centre has introduced the 2025 New Income Tax Bill in an effort to streamline and simplify the current tax regulations. The new I-T Bill 2025 stated that the existing Income Tax Act of 1961 has undergone multiple amendments, resulting in a burdened and complex language that has escalated compliance costs for taxpayers and hindered … Read more

EPFO clarifies Aadhaar detail requirement, exemption for certain employees; check whole list

30 November 2024 by Admin

The Employees’ Provident Fund Organisation (EPFO) recently announced exceptions for certain classes of employees regarding seeding Aadhaar in order to settle their physical claims. Typically, EPFO subscribers are required to link their UAN (Universal Account Number) with Aadhaar for claim settlements; however, specific exemptions have been outlined in a circular dated November 29, 2024. The … Read more