Rates of Income Tax on Salary Under Section 192 of the Income Tax Act, 1961 for FY 2021-22 (i.e.Assessment Year 2022-23) GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION OF TAX AT SOURCEINCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 … [Read more...] about Income Tax Deduction from Salaries During the Financial Year 2021-22
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Income Tax Act
SB Order on reduction of rate of Tax Deducted at Source (TDS) in POSB Schemes
SB Order on reduction of rate of Tax Deducted at Source (TDS) in POSB Schemes SB Order on reduction of rate of TDS in POSB Schemes S.B. Order 23/2020 e. F.No.FS-79/2/2020-FS Government of India Ministry of Communications Department of Posts (Financial Services Division) Dak Bhawan, New … [Read more...] about SB Order on reduction of rate of Tax Deducted at Source (TDS) in POSB Schemes
Govt Reduced TDS and TCS Rates by 25% for the period from 14 May 2020 to 31 March 2021
Govt Reduced TDS and TCS Rates by 25% for the period from 14 May 2020 to 31 March 2021 Press Information Bureau Government of India Ministry of Finance Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS) 13 MAY 2020 READ ALSO: SB Order on reduction of rate … [Read more...] about Govt Reduced TDS and TCS Rates by 25% for the period from 14 May 2020 to 31 March 2021
Approval of Eligible Projects or Schemes under Section 35AC of the Income Tax Act, 1961
Approval of Eligible Projects or Schemes under Section 35AC of the Income Tax Act, 1961 Section 35AC of the Income Tax Act 1961, inter alia provides for a deduction in computing the business income of an assessee, of the amount paid by him to a Public Sector company or a local authority or to an … [Read more...] about Approval of Eligible Projects or Schemes under Section 35AC of the Income Tax Act, 1961
Rules regarding quoting of PAN for specified transactions amended – Income tax Act
Key changes to Mandatory Quoting of Pan Rules of the Income tax Act Rules regarding quoting of PAN for specified transactions amended The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third … [Read more...] about Rules regarding quoting of PAN for specified transactions amended – Income tax Act