Having a PAN Card Doesn’t Make Income Tax Return Filing Mandatory

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Having a PAN Card Doesn’t Make Income Tax Return Filing Mandatory

Gold Silver Reports (GSR) – Having a PAN Card Doesn’t Make Income Tax Return Filing Mandatory — According to the income tax website, till 31 March 2018, there were about 379 million Permanent Account Numbers (PAN) allotted to various entities. Out of these, 369 million or 97.46% PANs were allotted to individuals. But irrespective of the fact that you have been allotted a PAN, it is not mandatory to file an income tax return (ITR) if your income is less than the maximum exemption limit. But it is mandatory to have a PAN card to file an ITR. In FY2017-18, about 67 million returns were filed, which is about 18% of total PAN allotted. Read more to know when one needs to file tax returns.                    

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Exports of Petroleum Products Saved the Day in May

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Exports of Petroleum Products Saved the Day in May

Gold Silver Reports (GSR) – It would be best to be cautious about the 20% year-on-year growth in exports in May. The growth is mainly on account of a spurt in the export of petroleum products, which are up 104% from a year ago. As a note by Edelweiss Securities Pvt. Ltd points out, perhaps the bunching up of oil exports in May led to this extraordinary rise.

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Gold Will Rally To At Least $1700 — Lior Gantz

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Gold Silver Reports (GSR) – Gold Will Rally To At Least $1700 — Lior Gantz — During this 40+ minute interview, Jason asks Lior about the current global macro situation given the Fed hiking rates this week and the ECB and BOJ still doing QE and whether a strong US Dollar on the US Dollar Index (because of a mostly weak Euro) will be a strong headwind for gold?

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