Ministry of FinanceCBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB 05 JULY 202 As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant … [Read more...] about CBDT authorizes greater flexibility in electronic filing of Income Tax Forms 15CA 15CB – PIB
Income Tax
CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend
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
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
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
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