In Budget 2020, government introduced ‘new tax regime’ scheme where taxpayers could pay taxes at a lower rate without availing any exemptions and various deductions that were available to a tax payer.
Every taxpayer registered under GST has to pay his tax liability after adjusting input tax
credit before filing the return. You can either pay online or offline.
Central Board of Direct Taxes had made it mandatory to link PAN and Aadhar by 30 June 2023 by paying a penalty of Rs.1,000, failing which would result in PAN becoming inoperative and the taxpayer would not be able to complete any transaction which requires PAN as a mandatory requirement.
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