New tax regime to be optional for the taxpayers New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers New rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant … [Read more...]
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Certificate for Tax Deducted at Source in Part B of Form No. 16 through TRACES
Certificate for Tax Deducted at Source in Part B of Form No. 16 through TRACES Procedure, format and standards for issuance of certificate for tax deducted at source in Part B of Form No. 16 through TRACES - CBDT Circulars dt. 6.5.2019 Procedure, … [Read more...]
Extension of date for filing of Income Tax Returns for taxpayers in Kerala
Extension of date for filing of Income Tax Returns for taxpayers in Kerala Ministry of Finance Extension of date for filing of Income Tax Returns for taxpayers in Kerala In view of the disruption caused due to severe floods in Kerala, the Central … [Read more...]
No Due Date Extension for filing Income Tax – CBDT
No Due Date Extension for filing Income Tax - CBDT CBDT - extension in due date for non-tax audit cases is fake and there are no such plans to extend this deadline beyond 31st July, 2018 CIRCULAR No.4/2018 F.No.370889/25/2018 Government of … [Read more...]
Linking of PAN with Aadhaar while filing of ITRs – CBDT Circular
Linking of PAN with Aadhaar while filing of ITRs - CBDT Circular CBDT's order regarding linking of PAN with Aadhaar while filing of ITRs F.No.225/270/2017/lTA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct … [Read more...]
Filing of Income Tax Returns by Government Employees
Filing of Income Tax Returns by Government Employees Income Tax : Filing of Returns by every Government Servant P.N.DEVADASAN, IRS Principal Commissioner Phone: 8547000030 Chennai 19/06/2018 To The Drawing & Disbursing Officer O/O Dy. Director … [Read more...]
New Income Tax Forms for AY 2018-19 – CBDT Notification
New Income Tax Forms for AY 2018-19 - CBDT Notification Ministry of Finance CBDT notifies Income Tax Return Forms for Assessment Year 2018-19 The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment … [Read more...]
Standard Deduction Applicable for Pensioners – Clarification
Standard Deduction Applicable for Pensioners - Clarification Ministry of Finance Clarification regarding applicability of standard deduction to pension received from the former employer The Central Board of Direct Taxes (CBDT) has clarified that … [Read more...]
CPPCs Advised to Issue Form-16 by 31st of May every year – CPAO
CPPCs Advised to Issue Form-16 by 31st of May every year - CPAO Deduction of Income Tax at the time of making payment "All Heads of CPPCs are advised to deduct the income tax at the time of each payment itself and issue Form-16 by 31st of May every … [Read more...]
Exemption of Transport Allowance and Medical Reimbursement from Income Tax – NC JCM Staff Side
Exemption of Transport Allowance and Medical Reimbursement from Income Tax - NC JCM Staff Side National Council Staff Side Secretary writes to Finance Ministry regarding the exemption of Transport Allowance and Medical Reimbursement from Income … [Read more...]
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