PM Cares Fund Donation - Submission of Certificate for Claiming Deduction under section 80G Act of Form 16 – CBDT Order The Department of Revenue has issue an order that the contributions made to the Fund are in the form of a consolidated payment. The deduction in respect of such donations as … [Read more...] about PM Cares Fund Donation – Submission of Certificate for Claiming Deduction under section 80G Act of Form 16 – CBDT Order
INCOME TAX
Budget 2020 Highlights Income Tax
Budget 2020 Highlights Income Tax New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers New tax regime to be optional for the taxpayers New rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant relief to the … [Read more...] about Budget 2020 Highlights Income Tax
IT Returns cannot be filed without quoting the Aadhaar number – CBDT Order on 31st of March, 2019
IT Returns cannot be filed without quoting the Aadhaar number – CBDT Order on 31st of March, 2019 Income Tax Returns being filed either electronically or manually cannot be filed without quoting the Aadhaar number Circular No.6/2019 Government of IndiaMinistry of … [Read more...] about IT Returns cannot be filed without quoting the Aadhaar number – CBDT Order on 31st of March, 2019
Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs
IT Exemption on Gratuity – 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs Ministry of Finance has enhanced the income tax exemption for gratuity … [Read more...] about Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs
Income tax standard deduction for ay 2019-20 pdf
Income tax standard deduction for ay 2019-20 pdf RATES OF INCOME TAX – FINANCE BILL 2019 THE FINANCE BILL, 2019 A BILL to continue the existing rates of income-tax for the financial year 2019-2020 and to provide for certain relief to taxpayers and to make amendments in certain enactments. BE … [Read more...] about Income tax standard deduction for ay 2019-20 pdf