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Income Tax

CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend

February 4, 2020 by admin Leave a Comment

Ministry of FinanceCBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend 04 FEB 2020 The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/ unit … [Read more...] about CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend

Budget 2020 – Personal Income Tax and tax simplification

February 3, 2020 by admin Leave a Comment

Budget 2020 - Personal Income Tax and tax simplification In order to provide significant relief to individual taxpayers and to simplify the Income-Tax law, the Finance Minister proposed to introduce a new and simpler personal income tax system in which income tax rates will be substantially … [Read more...] about Budget 2020 – Personal Income Tax and tax simplification

CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

August 23, 2019 by admin Leave a Comment

Ministry of FinanceCBDT issues clarification on eligibility of small Start-ups to avail tax holiday 22 AUG 2019 The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in … [Read more...] about CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT

August 9, 2019 by admin Leave a Comment

Ministry of Finance Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the importance of litigation management and has been … [Read more...] about Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT

CBDT – Order under Section 119 of the Income-tax Act, 1961

July 24, 2019 by admin Leave a Comment

CBDT Order under Section 119 of the Income-tax Act, 1961 Extension of due date for filing of ITRs for the A.Y 2019-20 from 31st July, 2019 to 31st August, 2019 F. No. 225/157/2019/ ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct … [Read more...] about CBDT – Order under Section 119 of the Income-tax Act, 1961

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