Senior Citizen Savings Scheme Even after submitting form 15G/15H for the current Financial Year, TDS has been deducted from SCSS account holders' interest payments. SB Order No. 37/2021 F. No. FS-13/7/2020-FSGovernment of IndiaMinistry of CommunicationsDepartment of Posts(Financial Services Division) Dak Bhawan New Delhi-110001Dated: 22.11.2021. To, All Head … [Read more...] about Deduction or Non-deduction of TDS in SCSS accounts in post office
TDS
Central Government relaxes TDS restrictions under section 194A of the Income tax Act 1961 – CBDT
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
Non-deduction of income tax at source from a gallantry awardee’s pension: CPAO
Non-Deduction of Income Tax at source from Pension in respect of Gallantry Awardee GOVERNMENT OF INDIADEPARTMENT OF EXPENDITURECENTRAL PENSION ACCOUNTING OFFICETRIKOOT-II, BHIKAJI CAMA PLACE,NEW DELHI-1 10006 No. CPAO/IT&Tech/Gallantry Award/26/2020-21/06 Dated- 12.05.2021 Office Memorandum All the Authorized Banks involved in disbursement of pension are to … [Read more...] about Non-deduction of income tax at source from a gallantry awardee’s pension: CPAO
If interest on a housing loan is claimed under Section 24(b) of the Income Tax Act for FY2020-21, the lender’s (bank’s) PAN is required.
If interest on a housing loan is claimed under Section 24(b) of the Income Tax Act for FY2020-21, the lender's (bank's) PAN is required. PAN of lender (PAN of Bank) required, if interest on housing loan is claimed under Section 24(b) of Income Tax for FY 2020-21 Principal Controller of Defence Accounts(Central Command)Cariappa Road, Lucknow Cantt.-226002 No … [Read more...] about If interest on a housing loan is claimed under Section 24(b) of the Income Tax Act for FY2020-21, the lender’s (bank’s) PAN is required.
CBDT clarifies the TDS provisions on Mutual Fund dividend
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 holder. It was also proposed to levy TDS at the rate of 10% on the dividend/ income … [Read more...] about CBDT clarifies the TDS provisions on Mutual Fund dividend
