CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962

CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962 Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability... Read more »

Double income tax benefits in 2019: Five tax saving investments with tax-free income

Double income tax benefits in 2019: Five tax saving investments with tax-free income A person has to shortlist tax saving investment in advance in order to maximise the tax... Read more »

Certificate for tax deducted at source in Part B of Form No. 16 – CBDT

Certificate for tax deducted at source in Part B of Form No. 16 – CBDT Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax... Read more »

E-filing of Income Tax Returns registers an increase of 19%

E-filing of Income Tax Returns registers an increase of 19% There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during... Read more »

Budget 2019-20: No Tax upto Rs.5 Lakh, 1.5 Lakh for Saving, Standard Deduction Rs.50,000 & Bank Interest TDS threshhold Rs. 40,000

Budget 2019-20: No Tax upto Rs.5 Lakh, 1.5 Lakh for Saving, Standard Deduction Rs.50,000 & Bank Interest TDS threshhold Rs. 40,000 Individual taxpayers having annual income upto Rs 5... Read more »