While clarifying that an inoperative permanent account number (PAN) is not an inactive PAN, the income tax (I-T) department says one may file the income tax return (ITR), irrespective of the PAN becoming inoperative. Many non-resident Indians (NRIs) and overseas citizens of India (OCI) are finding it difficult to file ITRs after 30 June 2023.
No Income Tax Till 7.27 L Per Annum: A slight relief for the middle class from the central government. Union Finance Minister Nirmala Sitharaman on Friday in Udipi offered tax benefits for middle-class people.