Ministry of Finance Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices 21 JAN 2019 The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT … [Read more...] about Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices
Income Tax Act
Income Tax benefits from Post Office Saving Schemes
Income Tax benefits from Post Office Saving Schemes Interest rates on these post office saving schemes move in line with the government's interest rates on small savings schemes.India Post or Department of Posts, which runs the postal network of the country, offers a number of saving schemes with income tax benefits. Using these saving schemes, investor can claim a deduction … [Read more...] about Income Tax benefits from Post Office Saving Schemes
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 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi Notification No. 06 /2018 New Delhi, 06th December, 2018 Subject: - TDS deduction under section 194A of the … [Read more...] about TDS deduction under section 194A of the Income-tax Act, 1961 in case of Senior Citizens
Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme
Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme F.No 79-01/2016-SB Government of India Ministry of Communications Department of Posts DakBhawan, Sansad Marg, New Delhi-110001 Date: 29.06.2018 To All Heads of Circles/Regions Addl. Director General, APS, New Delhi. Subject - Deduction of TDS in respect of Senior … [Read more...] about Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme
Filling of Returns by every Government Servant – Income Tax
Filling of Returns by every Government Servant - Income Tax Government Servant भारत सरकार /Government of India आयकर विभाग/Income Tax Department आयकर आयुक्त चेन्नै-3 का कार्यालय, चेन्नै Office of the Pr. Commissioner of Income Tax-3, Chennai कमरा सं.410, चौथातल, आयकर भवन, 121, महात्मागांधी रोड, चेन्नै-34. 4th Floor, Main Building, 121, Mahathma Gandhi Road, Chennai-34. P. … [Read more...] about Filling of Returns by every Government Servant – Income Tax
Income Tax benefits In Sukanya Samriddhi Account (SSA)
Income Tax benefits In Sukanya Samriddhi Account (SSA) (i) Sukanya Samriddhi Account has been specified under clause (viii) of Sub Section (2) of Section 80(C) of Income Tax Act 1961 and deposits under these accounts enjoy benefit of this Income Tax Section up to the overall maximum limit of Rs. One lakh Fifty Thousand (1,50,000). (ii) By Finance Act 2015, a new clause … [Read more...] about Income Tax benefits In Sukanya Samriddhi Account (SSA)
The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961
Ministry of Finance The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961 26 MAR 2018 In keeping with India's commitment to implement the Recommendations of the 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and Country-by-Country R … [Read more...] about The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961
Amendments in the income-tax act proposed to notify a new scheme for assessment in electronic mode
Press Information Bureau Government of India Ministry of Finance 01-February-2018 13:20 IST Amendments in the income-tax act proposed to notify a new scheme for assessment in electronic mode. E-assessment to be rolled-out across the country to transform age-old assessment procedure In the General Budget 2018-19 presented in Parliament today, the Union Minister for … [Read more...] about Amendments in the income-tax act proposed to notify a new scheme for assessment in electronic mode
CBDT extends date till 31.3.18 for linking of Aadhaar with PAN
CBDT extends date till 31.3.18 for linking of Aadhaar with PAN Under the provisions of recently introduced section 139AA of the Income-tax Act, 1961 (the Act), with effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are required to link the same with Permanent Account Number (PAN). In view of the difficulties faced by some of the taxpayers in the … [Read more...] about CBDT extends date till 31.3.18 for linking of Aadhaar with PAN
Government to examine Rs.5 lakh tax exemption proposal for pensioners
Government to examine Rs.5 lakh tax exemption proposal for pensioners The finance ministry has informed Congress MP Shashi Tharoor that his suggestion to increase the tax exemption limit for pension up to Rs 5 lakh would be examined during the ongoing preparations for the Union Budget 2018, according to a communication. Responding to a letter written by Tharoor in late … [Read more...] about Government to examine Rs.5 lakh tax exemption proposal for pensioners
