Finance Minister conveys Government's Appreciation to tax payers for their contribution towards Nation building Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th September, 2016. Press Release Sub: Finance Minister conveys Government's Appreciation to tax payers for their contribution towards Nation … [Read more...] about Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building
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Income Tax - Central Government Employees
Income Tax Department lists Transactions where PAN will be Mandatory
Income Tax Department lists Transactions where PAN will be Mandatory The Income Tax Department prescribes a list of transactions for which quoting of Permanent Account Number (PAN) is mandatory. These are listed in Rule 114B of the Income Tax Rules, 1962 which were first inserted with effect from 1st November, 1998 and have been amended from time to time. The list under Rule … [Read more...] about Income Tax Department lists Transactions where PAN will be Mandatory
Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees
Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees under Section 10, Section 24, Section 89(1), Chapter VIA, and Section 87A Income Tax Rate 2016-17 TAXABLE INCOME RANGE RATE OF INCOME TAX Up to RS.2,50,000 NIL Rs.2,50,001 to Rs.5,00,000 10% of the amount by which the income exceeds … [Read more...] about Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees
Income Tax 2016-17 : All Salaried Employees to declare deductions and savings under Form 12BB
Income Tax 2016-17 : All Salaried Employees to declare deductions and savings under Form 12BB : Download Form 12BB as a Word, Excel or PDF file- All Employees to file Declaration under Form 12BB to claim deduction for savings under Section 80 C, payment of house loan interest under Section 24, and HRA exemption under Section 10 The Finance Act, 2015 had introduced section … [Read more...] about Income Tax 2016-17 : All Salaried Employees to declare deductions and savings under Form 12BB
Government reduces interest rate on GPF to 8 percent
Government reduces interest rate on GPF to 8 percent New Delhi: In a move which will hurt millions of employees, the government has reduced interest rate on contributions to General Provident Fund (GPF) and other similar funds to 8% from October 1 to December 31 for fiscal 2016-17. The interest rate on such funds was 8.1% from April, 2016, while it was at 8.7 per cent for … [Read more...] about Government reduces interest rate on GPF to 8 percent
In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme 2016 to remain functional till 12:00 midnight on 30th September, 2016
In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme 2016 to remain functional till 12:00 midnight on 30th September, 2016. In order to facilitate the declarants who would like to file the declaration in paper form under the Income Declaration Scheme, 2016, the Central Board of Direct Taxes (CBDT) has issued … [Read more...] about In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme 2016 to remain functional till 12:00 midnight on 30th September, 2016
Government reiterates that information contained in a valid declaration under the Income Declaration Scheme, 2016 is confidential and shall not be shared with any authority.
Government reiterates that information contained in a valid declaration under the Income Declaration Scheme, 2016 is confidential and shall not be shared with any authority. The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme is … [Read more...] about Government reiterates that information contained in a valid declaration under the Income Declaration Scheme, 2016 is confidential and shall not be shared with any authority.
The Income Declaration Scheme, 2016
The Income Declaration Scheme, 2016 - Reserve Bank of India(RBI) requested to issue instructions to banks to allow payment of tax under the Scheme in cash and to allow deposit of cash over the counter. The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. … [Read more...] about The Income Declaration Scheme, 2016
Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs)
Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs) The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme has come into effect from 1.6.2016 and is open … [Read more...] about Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs)
Clarification regarding the Income Declaration Scheme 2016
Clarification regarding the Income Declaration Scheme 2016 Fifth Set of Frequently Asked Questions (FAQs) was issued yesterday clarifying certain issues relating to Income Declaration Scheme,2016 (the Scheme). Clarification has been sought as to whether the answer number 4 of the said FAQ shall apply to all assets declared under the Scheme or it is limited to only immovable … [Read more...] about Clarification regarding the Income Declaration Scheme 2016
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