Highlights of Finance Bill, 2024: Tax Rate Changes, Deductions, Faceless Scheme, TCS, and Outstanding Tax Demand Amendments

Highlights of Finance Bill, 2024: Tax Rate Changes, Deductions, Faceless Scheme, TCS, and Outstanding Tax Demand Amendments

Highlights of Finance Bill, 2024: Tax Rate Changes, Deductions, Faceless Scheme, TCS, and Outstanding Tax Demand Amendments HIGHLIGHTS OF FINANCE BILL, 2024 1. Proposed Changes in Tax Rates No changes in tax rates are proposed by Finance Bill, 2024 Note: View PDF for Finance Bill, 2024 ‘PART I INCOME-TAX for details. 2. Proposed amendments w.r.t….

Deduction of Income Tax on Medical Reimbursement: Requisition of information under the RTI Act, 2005

Deduction of Income Tax on Medical Reimbursement: Requisition of information under the RTI Act, 2005

Deduction of Income Tax on Medical Reimbursement: Requisition of information under the RTI Act, 2005 OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX, UP(East] PRATYAKSH KAR BHAWAN 57, RAM TIRATH MARG, LUCKNOW- 226 001 F.No.Pr.CCIT/Tech. /Lko/RTI/2019-20/2023-24 Dated: 27.10.2023 To The CPIO/Dy. Commissioner of Income Tax (Hq.)(Admn.), O/o The Pr. Chief Commissioner of Income Tax…

Benefits for Senior Citizens and Super Senior Citizens under Income-tax Act,1961: e-Brochure

Benefits for Senior Citizens and Super Senior Citizens under Income-tax Act,1961: e-Brochure

Benefits for Senior Citizens and Super Senior Citizens under Income-tax Act,1961: e-Brochure by Income Tax Department Income Tax Department Central Board of Direct Taxes BENEFITS UNDER DIRECT TAXES FOR SENIOR CITIZENS AND SUPER SENIOR CITIZENS ⇒ Who is a Senior Citizen and a Super Senior Citizen? At any time during the relevant financial year: Individual…

Clarification regarding applicability of section 194Q: CGDA Order dated 10.10.2023

Clarification regarding applicability of section 194Q: CGDA Order dated 10.10.2023

Clarification regarding applicability of section 194Q: CGDA Order dated 10.10.2023 Controller General of Defence Accounts Ulan Batar Road, Palam, Delhi Cantt – 110010 No. AT/IX/9504/IDS/Misc/e-15596 Date: 10.10.2023 To, All PCsDA/PCA (Fys)/CsDA Sub: Clarification regarding applicability of section 194Q. Ref: (i) Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes Circular…

Procedure, format and standards for filling an application for grant of certificate for deduction of Income-tax at any lower rate or no deduction through TRACES

Procedure, format and standards for filling an application for grant of certificate for deduction of Income-tax at any lower rate or no deduction through TRACES

Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962, for deduction of Income-tax at any lower rate or no deduction of Income-tax under sub-section (1) of section 197 of the Income-tax Act, 1961 through TRACES F. No. CPC(TDS)/…

Deduction of TDS on payment of PLI/RPLI policies, as applicable, under section 194DA of IT Act’ 1961: Clarification / guidelines by Department of Posts

Deduction of TDS on payment of PLI/RPLI policies, as applicable, under section 194DA of IT Act’ 1961: Clarification / guidelines by Department of Posts

Clarification / guidelines regarding deduction of TDS on payment of PLI/RPLI policies, as applicable, under section 194DA of IT Act’ 1961: Department of Posts Order dated 22.09.2023 F. No. 65-02/2023-LI Govt. of India Ministry of Communications Department of Posts Directorate of Postal Life Insurance Chanakyapuri PO Complex, New Delhi — 110 021. Dated 22.09.2023 To…

Pension in respect of Gallantry Awardees – Income Tax at source is not be deducted: CPAO

Pension in respect of Gallantry Awardees – Income Tax at source is not be deducted: CPAO

Pension in respect of Gallantry Awardees – Income Tax at source is not be deducted: CPAO writes to Bank dated 22.08.2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE CENTRAL PENSION ACCOUNTING OFFICE TRIKOOT-II, BHIKAJI CAMA PLACE, NEW DELHI-110066 PHONES : 261 74596, 26174456, 26174438 CPAO/IT&Tech/ Misc. Corres/35 (Vol-II) (PF)/10370/2023-24/ 109 22.08.2023 OFFICE MEMORANDUM…

Income tax (Eighteenth Amendment), Rules, 2023

Income tax (Eighteenth Amendment), Rules, 2023

Income tax (Eighteenth Amendment), Rules, 2023 – Valuation of residential accommodation provided by the employer: CBDT Notification dated 18.08.2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th August, 2023 INCOME-TAX G.S.R. 615(E).—In exercise of the powers conferred by sub-clause (i) and Explanation to sub-clause (2) of section…

Income-tax (Seventeenth Amendment) Rules, 2023

Income-tax (Seventeenth Amendment) Rules, 2023

Income-tax (Seventeenth Amendment) Rules, 2023 – Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th August, 2023 INCOME-TAX G.S.R. 607(E).—In exercise of the powers conferred by section 295 of the…

Deduction and Deposit of TDS under GST by DDOs – CGA

Deduction and Deposit of TDS under GST by DDOs – CGA

Deduction and Deposit of TDS under GST by DDOs – CGA, Finmin Order dated 16.08.2023 Most Immediate/Time Bound No.11011(12)/11/2020-Codes-CGA/2428/667 Ministry of Finance Department of Expenditure O/o Controller General of Accounts Mahalekha Niyantrak Bhawan, E Block, GPO Complex, INA, New Delhi-110023 Dated:- 16-08-2023 Office Memorandum Subject: Deduction and Deposit of TDS under GST by DDOs. The…

Wrong claims towards deductions/exemptions from Income Tax and excess claim of refunds

Wrong claims towards deductions/exemptions from Income Tax and excess claim of refunds

Wrong claims towards deductions/exemptions from Income Tax and excess claim of refunds: South Central Railway SOUTH CENTRAL RAILWAY VIJAYAWADA DIVISION Divisional Office, Personnel Branch, Vijayawada, No. SCR/B/P. APO/G/BZA/Conf/2023 Dt.: 17.07.2023. All Concerned Sub: Wrong claims towards deductions/exemptions from Income Tax and excess claim of refunds. Ref: Chief Commissioner of Income Tax/VJA’s Lr. No. Refunds/PCIT/VJA/2023-24, dt.14.07.23….

Extension of time limits for submission of certain TDS/TCS Statements – IT Circular No. 9/2023 under section 119 of the Income-tax Act, 1961

Extension of time limits for submission of certain TDS/TCS Statements – IT Circular No. 9/2023 under section 119 of the Income-tax Act, 1961

Extension of time limits for submission of certain TDS/TCS Statements – IT Circular No. 9/2023 under section 119 of the Income-tax Act, 1961 Circular No. 9/2023 F.No.370149/109/2023-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Tax North Block, New Delhi 28th June, 2023 Sub: Order under section 119 of the…