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Income Tax

Deduction of Income Tax on interest of GPF subscription over Rs. 5 Lakhs

April 6, 2022 by admin Leave a Comment

GPF interest rate income tax Defence Accounts Department (DAD) HeadquartersUlan Batar Road, Palam, Delhi Cantt - 110010 AT/Army/BR/ FC/4462/E-1754 Dt 18/02/2022 To,The CDA(Fund) MeerutPCDA(O) PuneAll Regional PCsDA/CsDACDA(IT&SDC)PCDA NavyPCDA(AF) Subject: Calculation of Income … [Read more...] about Deduction of Income Tax on interest of GPF subscription over Rs. 5 Lakhs

CBDT authorizes greater flexibility in electronic filing of Income Tax Forms 15CA 15CB – PIB

July 12, 2021 by admin Leave a Comment

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

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

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