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Income Tax

Submission of Form 15G and 15H for Financial Year 2020-21 : CBDT

F.No. 275/25/2020-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block. New Delhi 03rd April, 2020 Subject: Order u/s 119 of the Income-tax Act,...

FAQs on Salary Income – Income Tax

FAQs on Salary Income - Income Tax What is considered as salary income?​​​​​​​​ Section 17​​ of the Income-tax Act defines the term ‘salary’. However, not going...

CBDT Notification – Amend the Income-tax Rules, 1962(PAN, Aadhar) in IT rules 114

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th August, 2019 G.S.R. 614(E).– In exercise of the powers conferred by section 139A...

Income Tax Returns filing deadline extended to August 31, 2019

Income Tax Returns filing deadline extended to August 31, 2019 The due date for filing of Income Tax Returns for Assessment Year 2019-20 is 31.07.2019...

Exemption of service element and disability element of disability pension – CBDT

Exemption of service element and disability element of disability pension - CBDT CIRCULAR No. 13/2019 F.No.173/250/2019-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North...

CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962

CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962 Section 12A of the Income-tax Act, 1961 (the Act) provides...

Certificate for tax deducted at source in Part B of Form No. 16 – CBDT

Certificate for tax deducted at source in Part B of Form No. 16 - CBDT Government of India Ministry of Finance Central Board of Direct Taxes Directorate of...

E-filing of Income Tax Returns registers an increase of 19%

E-filing of Income Tax Returns registers an increase of 19% There have been some incorrect reports in media pertaining to reduction in numbers of Income...

TDS deduction under section 194A of the Income Tax Act, 1961 in case of Senior Citizens

TDS deduction under section 194A of the Income Tax Act, 1961 in case of Senior Citizens F.No.Pr.DGIT(S)/CPC(TDS)/Notification/2018-19 Notification No. 06/2018 Government of India Ministry of Finance Central Board of...

Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018

Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018 There has been a marked improvement in the number of Income Tax...

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