Income-Tax (16th Amendment) Rules, 2020 – Gazette Notification
Income-Tax (16th Amendment) Rules, 2020 - Change in TDS Return Form 26Q & Form 27Q - Gazette Notification No. 43/2020
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Income Tax
Income Tax Deduction from Salaries during the Financial Year 2020-21: Format for Self Declaration
Income Tax Deduction from Salaries during the Financial Year 2020-21 (Assessment Year: 2021-22) under section 192 of Income Tax Act - 1961
New personal taxation regime under Section 115BAC for reduced tax rates without exemption – Certain allowance…
New Personal Income Tax at reduced rates with no exemption under Section 115BAC of Income Tax Act when opted, only limited allowances will be exempted - Perquisites allowed by Employee are not to…
Last Date for filing Income Tax Return for FY 2019-20 (AY-2020-21) extended till 30th November 2020
Income Tax Return for FY 2019-20 (Assessment Year 2020-21) - Last date for filing extended by Govt to 30th November 2020 in view of COVID-19 impact
Clarifications on prescribed electronic modes under section 269SU of the Income-tax Act 1961
Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act 1961- Finmin Order dated 20.05.2020
Exercising Option for deduction of TDS under Old or New Rates of Income Tax
Exercising Option for deduction of TDS under Old or New Rates of Income Tax for the financial year 2020-21: MoRTH Circular dated 15.05.2020
Calling of option for new personal taxation regime of reduced tax rates with no exemptions
Calling of option for new personal taxation regime of reduced tax rates with no exemptions or deductions or setoff of loss etc. in case of individuals & HUFs as provided u/s 115 BAC of the IT Act,…
Income Tax 2020-21 – Employees availing new rates under Section 115BAC to intimate DDO in prior
Income Tax 2020-21 - Employees willing to avail New reduced Tax Rates without any deduction / Exemption under Section 115BAC of Income Tax Act will have to intimate DDO / Employer in prior to adjust…
TDS guidelines on payments made to VRS 2019 Optees
Tax Deduction at Source (TDS) guidelines on payments made to BSNL VRS 2019 Optees - TDS on ex-gratia, Leave Encashment, Form 16, Tax Exemption etc.
COVID-19 Outbreak: Finance Minister announced several relief measures
Finance Minister announced several relief measures relating to Income Tax, GST/Indirect Tax, Financial Affairs, Corporate Affairs, Statutory and Regulatory compliance matters across Sectors in view of…
Income Tax Alert: Step by Step guide to file revised ITR
If you find an omission or a wrong statement in the original ITR, make a correction by filing a revised income tax return in the e-filing portal
ITR Filing: 6 financial tasks to complete before March 31, 2020
From linking PAN with Aadhaar to booking LTCG up to Rs 1 lakh on equity investments, there are some financial tasks you should complete within this deadline.
Income Tax FAQs on Salary Income
Frequently Asked Questions and Answers on Taxation of Salary Income by Income Tax Department
Corrigendum: Income Tax Deduction from Salaries during the FY 2019-2020
Corrigendum to Circular No. 4/2020 - Income Tax Deduction from Salaries during the Financial Year 2019-2020 under Section 192 of the Income-Tax Act, 1961
Income Tax Functionality available in Employee Login under EIS
Income Tax functionalities under EIS have been developed at Employee Login for online submission of saving details for Income Tax Estimation/Calculation
Income-Tax (5th Amendment) Rules, 2020
Income-Tax (5th Amendment) Rules, 2020 - Rule 114AAA: Manner of making permanent account number (PAN) inoperative - Central Board of Direct Taxes
Budget 2020 – New Income Tax Rates to benfit Salaried Class in higher Tax Bracket
Two Sets of Income Tax Slabs introduced in the Budget 2020 - A Taxpayer has the option of choosing either new Income Tax Slab with minimum exemption or Old Tax slab with all applicable conditional…
Income Tax Deduction from Salaries during Financial Year 2019-20
Income Tax Deduction from Salaries during Financial Year 2019-20 under Section 192 of the Income-Tax Act, 1961 - IT Circular No. 4/2020
Budget 2020 – Income Tax for Salaries Employees and Pensioners – Proposals by NFIR
General Budget 2020 – NFIR’s proposals for consideration and inclusion in the Budget proposals to be presented before the Parliament during Budget presentation in February 2020
New Income Tax notification details on TDS on cash withdrawal
The Ministry of Finance recently notified Form 26QD for TDS Return and Form 16D for TDS Certificate under section 194M and 194N of the Income Tax Act.