Section 194 of income tax act 1961 - Central Government relaxes TDS restrictions under section 194A of the Income-tax Act, 1961. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th September, 2021 INCOME TAX S.O. 3815(E). - In exercise of the powers conferred by sub-section (1F) of section 197A of the … [Read more...] about Central Government relaxes TDS restrictions under section 194A of the Income tax Act 1961 – CBDT
IT Exemption - Income Tax Exemption - CENTRAL GOVERNMENT EMPLOYEES NEWS
Union Budget 2021 – Senior Citizens above 75 years of Age, Having Pension & Interest Income exempted from Filing Tax Return
Union Budget 2021 Ministry of Finance Senior Citizens above 75 years of Age, Having Pension & Interest Income exempted from Filing Tax Return Further push to Affordable / Rental housing Faceless dispute resolution committee in the offing Tax relaxations for attracting Foreign Investment in Infrastructure sector Tax incentives announced in Budget for … [Read more...] about Union Budget 2021 – Senior Citizens above 75 years of Age, Having Pension & Interest Income exempted from Filing Tax Return
IT Exemption for payment of deemed LTC fare for non-Central Government employees
IT Exemption for LTC fare Ministry of Finance Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees 29 OCT 2020 In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees are not able to avail … [Read more...] about IT Exemption for payment of deemed LTC fare for non-Central Government employees
Introduction of Taxable Floating Rate Savings Bonds 2020 – PIB
Ministry of Finance Introduction of Floating Rate Savings Bonds, 2020 (Taxable) 26 JUN 2020 The Government has notified the new Floating Rate Savings Bonds, 2020 (Taxable)Scheme in place of 7.75 percent Savings (Taxable) Bonds, 2018 Scheme which ceased for subscription from the close of banking business on May 28, 2020. The broad features of the new Floating Rate … [Read more...] about Introduction of Taxable Floating Rate Savings Bonds 2020 – PIB
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 reduced for individual taxpayers who forgo such deductions and exemptions. The … [Read more...] about Budget 2020 – Personal Income Tax and tax simplification
