As per income tax rules a person should have only one PAN number. If you have multiple PANs then you have to close the other PANs. If you are firm and not running your business anymore then also you need to close the PAN of … Read more
Whenever you are in a situation when you cannot submit the documents on time, it may be documents related to income tax or any other project documents, then you can request to extend the deadline by writing a request letter. Especially during this Covid times … Read more
Form no 16 is a form for declaration to be filled by an individual or person who doesn’t have PAN ( Permanent Account Number) and who enters into any transaction specified in rule 114 B. As we all know PAN card is required to make … Read more
Form 12B is required when an employee joins in a new organization. An employee needs to submit this form to the new employer as per rule 26A. Based on the information furnished in form 12b new employer will calculate tax deduction of the employee for … Read more