8th Pay Commission Likely to Be Discussed in November, As per JCM #8th_Pay_commission
7th Pay DA : जाने कितना बढ़ा महंगाई भत्ता
Good News – Dearness Allowance (DA) Increased from 1 July 2024
8th Pay Commission Likely to Be Discussed in November, As per JCM #8th_Pay_commission
NEW DELHI: The Income Tax Department today launched its ambitious One Time Password ( OTP) based e-filing verification system for taxpayers, thereby ending the practice of sending paper acknowledgement to its office in Bengaluru.
The facility can be accessed using internet banking, Aadhaar number, ATM and email.
According to the rules notified in this regard by the Central Board of Direct Taxes (CBDT) today, any taxpayer, whose income is Rs 5 lakh or below per annum and has no refund claims, he or she can straightaway generate the ‘Electronic Verification Code’ (EVC) for e-filing and validating their Income Tax Return (ITR) through their registered mobile number and e-mail id with the department.
However, this most simplified option, will be subject to certain “restrictions” which will be prepared by the taxman based on the concerned taxpayer’s “risk criteria and profile” in a case-to-case basis.
“This simply means that if the department has some adverse observation against the saidPAN number with income less than Rs 5 lakh, he or she will not be allowed to do the verification directly through their email and mobile number alone and such cases will have to go through the other established procedures in this regard like linkup through Aadhaar database, internet baking or via the ATM,” a senior official explained.
These new measures would completely eliminate the need of sending the paper acknowledgement, called ITR-V, through post to the I-T Central Processing Centre (CPC) based in Bengaluru.
In the other options given, those taxpayers who have internet banking activated can do the e-verification of their ITR.
“The facility will be available on the internet banking website and the verifier (taxpayer) will use this facility using internet banking id, login password and transaction password,” the latest CBDT rules said.
Once logged in on the banking portal, the taxpayer will be sent the EVC to his mobile number provided in the official e-filing web portal of the department which they will put in their ITR for final submission.
Source: PTI
Railway Employee
(App) |
(App) |
This entry was posted in Govt. Employee - General, Income Tax
|
Railway Employee
(App) |
(App) |
Anubhav Awards Scheme, 2024 For Central Government employees
Policy regarding construction of Sainik Rest Houses/Integrated Sainik Complexes.
Good News – Dearness Allowance (DA) Increased from 1 July 2024
Policy regarding construction of Sainik Rest Houses/Integrated Sainik Complexes.
CBI ARRESTS SR. MARKETING OFFICER OF DIRECTORATE OF MARKETING & INSPECTION
8th Pay Commission Likely to Be Discussed in November, As per JCM #8th_Pay_commission
Anubhav Awards Scheme, 2024 For Central Government employees
मेजर जनरल हर्ष छिब्बर ने कॉलेज ऑफ डिफेंस मैनेजमेंट, सिकंदराबाद के कमांडेंट का पदभार ग्रहण किया
KNOW ABOUT – RETIREMENT BENEFITS
जाने एन पी एस (NPS) अर्थात नेशनल पेंशन सिस्टम के सामान्य बातें
Postal Dept.Transfer Policy for Postal Civil Wing officers and officials — Issue of Guidelines.
मेजर जनरल हर्ष छिब्बर ने कॉलेज ऑफ डिफेंस मैनेजमेंट, सिकंदराबाद के कमांडेंट का पदभार ग्रहण किया
Railway EmployeeNPS – Permission for keeping of securities as margin with the CCIL for margin requirements-reg.
जाने एन पी एस (NPS) अर्थात नेशनल पेंशन सिस्टम के सामान्य बातें
Are you sure you want to delete this element?
Close
