Tag: CBDT
CBDT has issued revised Guidelines (2019) on Compounding of Offences under the Direct Tax Laws, applicable from 17 June 2019. The new guidelines prescribes certain offences which generally can’t …
CBDT amends IT Rules to allow declaration in Form 15H for payment of certain income without TDS from a senior citizen whose income is higher than the basic exemption …
CBDT has notified that Part B of Salary TDS Certificate in Form no. 16 has to be issued by downloading the same from TRACES website/ prtal, in respect of …
CBDT has notified Income-tax (3rd Amendment) Rules, 2019 for making changes in Form 16 (Salary TDS Certificate) and Form 24Q (Salary TDS Return), applicable w.e.f. 12 May 2019, to …
CBDT has clarified/reiterated that no tax (TDS) is required to be ‘deducted at source’ in the case of senior citizens where the amount of such income (credited or paid) …
CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ …
Transport allowance withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and …
CBDT has notified the Revised Procedure for Registration and online Submission of ‘Statement of Financial Transactions (SFT)’ for FY 2017-18 in Form 61A under IT section 285BA read with …
CBDT has Notified ‘Revised Procedure for registration and online submission of Statement of Reportable Account (in Form 61B)’ by Prescribed Financial Institutions under IT Section 285BA read with IT …
CBDT has clarified that any taxpayer who is in receipt of pension from his former employer, shall be entitled to claim a standard deduction of Rs 40,000/- or the …