PAN CARD FOR FREE- Read this to get your PAN CARD done with no cost

PAN card for free:

Get PAN card for free – limited period offer! Source: Income tax website

There is a new announcement in the Income tax website which states as follows:

“Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar number (with updated Mobile number) can avail the e-PAN allotment facility.

Allotment of Free of cost instant E-PAN and is available only for a limited period on first come first serve basis for valid Aadhaar holders.

Prerequisites:

* Applicant already having PAN should not apply for E-PAN.

* The e-PAN facility is only for resident Individuals (Except Minors and others covered u/s 160 of Income Tax act, 1961) and not for HUF, Firms, Trusts, and companies etc.

* Active Mobile number linked with Aadhar to receive Aadhaar OTP (One Time Password). To verify the registered mobile number in Aadhaar, please visit UIDAI portal (Verify mobile number / email at Aadhaar).

* e-PAN is generated using the particulars available in Aadhar. Details such as Name, Date of Birth, Gender, mobile number and address in Aadhaar is not correct or not updated, please update the same in UIDAI prior applying e-PAN.”

Applying Instant e-PAN link is available here:

https://portal.incometaxindiaefiling.gov.in/e-Filing/Services/ePAN.html?lang=eng

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ITR forms

Confused about which ITR form to select to file your Income tax returns?

Then this is the right place where you can know about it.

Following is the ITRs to file the Income tax returns

ITR 1: For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh. You can't file ITR 1 if your salary exceeds this limit. You can file ITR 2 and this is unknown for most of the CAs.

ITR 2: For Individuals and HUFs not having income from profits and gains of business or profession

ITR 3: For individuals and HUFs having income from profits and gains of business or profession

ITR 4: For presumptive income from Business & Profession ( 44AD, 44AE, 44ADA - For those who run small businesses and books of accounts is not maintained)

ITR 5: For persons other than:- 

           (i) Individual,
           (ii) HUF,
           (iii) Company and 
           (iv) Person filing Form ITR-7

(According to Income tax Act, Person means Individual, HUF, Firm, Company, Local Authority, Artificial Judicial Person, Body of Individuals)

ITR 6: For Companies other than companies claiming exemption under section 11

ITR 7: For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

To file your returns feel free to contact us

+91 9242858227, gouthamtaxconsultancy@gmail.com

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