The Prime Minister’s Jeevan Jyoti Bima Yojana (PMJJBY) is a flagship programme of the NDA government, which was introduced by PM Narendra Modi on May 9, 2015. This life insurance scheme, offered by the central government, provides yearly renewable coverage for death resulting from any cause. According to a statement released on social media platform … Read more
The government’s latest project, PAN 2.0, is designed to overhaul the existing PAN/TAN system, enhancing efficiency and convenience for taxpayers. This initiative aims to modernise the procedures linked to Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) services. The primary goal is to expedite, streamline, and fortify the process of taxpayer … Read more
Income Tax Returns FY24: The Income Tax department has asked non-resident Indians (NRIs) to give sworn statements on the exact number of days spent in India, a report said on Tuesday. This comes after the department recently sent numerous advisories to NRIs asking them to verify high-value transactions made in 2022-23 and to address any … Read more
MUMBAI: The income-tax department has asked several individuals to prove their non-resident status for assessment years 2013-14 to 2017-18. While filing their tax returns for the years in question, these persons had not disclosed their foreign assets by virtue of being non-resident. Unlike residents whose global income is taxed, foreign earnings of non-residents are not … Read more