Forms and Declaration for amount received from any person for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification

Forms and Declaration for amount received from any person for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification

Forms and Declaration for amount received from any person for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification No. 91/2022 dated 05.08.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th August, 2022 S.O. 3704(E).—In exercise of the powers conferred by clause (XII)…

Documents to be submitted by Employees for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification

Documents to be submitted by Employees for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification

Documents to be submitted by Employees for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification No. 90/2022 dated 05.08.2022 Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 5th August, 2022 S.O. 3703(E).—In exercise of the powers conferred by sub-clause (c) of clause (ii)…

Conditions for exemption of money received from employer or any person for Covid-19 Treatment under Section 56 (2)(x): Income Tax

Conditions for exemption of money received from employer or any person for Covid-19 Treatment under Section 56 (2)(x): Income Tax

Conditions for exemption of money received from employer or any person for Covid-19 Treatment under Section 56 (2)(x) – Income Tax Notification No. 92/2022 dated: 05.08.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th August, 2022 S.O. 3705(E).— In exercise of the powers conferred by clause (XIII)…

Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax

Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax

Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 Treatment of Income from Different Sources I. Income under the head Salaries 1.1 Salary is defined to include: a) Wages b) Annuity c) Pension d) Gratuity e) Fees, Commission, Perquisites, Profits in lieu of or in…

List of benefits available to Salaried Persons for the AY 2023-24 under Income Tax

List of benefits available to Salaried Persons for the AY 2023-24 under Income Tax

List of benefits available to Salaried Persons for the AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 List of benefits available to Salaried Persons* [AY 2023-24] S.N. Section Particulars Benefits A. Allowances 1. 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is exempt: a) Actual HRA Received…

Budget 2022-23: Tax deduction limit increased to 14% on Employer’s contribution to NPS account of State Govt Employees

Budget 2022-23: Tax deduction limit increased to 14% on Employer’s contribution to NPS account of State Govt Employees

Budget 2022-23: Tax deduction limit increased to 14% on Employer’s contribution to NPS account of State Government Employees Taxpayers can file updated Income Tax return within two years TAX RELIEF TO PERSONS WITH DISABILITY TAX DEDUCTION LIMIT ON EMPLOYER’S CONTRIBUTION TO NPS ACCOUNT OF STATE GOVERNMENT EMPLOYEES INCREASED TO 14% FROM 10% INCOME FROM VIRTUAL…

Guidelines under clause (10D) section 10 of the Income-tax Act, 1961

Guidelines under clause (10D) section 10 of the Income-tax Act, 1961

Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 – Exemption on the sum received under a life insurance policy Circular No. 2 of 2022 F. No.370142 /61/2021-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** Dated: 19th January, 2022 Sub: Guidelines under clause (10D) section…