Covid -19 India Relaxes Income Tax deadlines & penalties

Posted by & filed under Income Tax.

Following are the decisions with respect to statutory and regulatory compliance matters related to various sectors: Income Tax 1.     Extend last date for income tax returns for (FY 18-19) from 31st March 2020  to  30th June 2020. 2.     Aadhaar-PAN linking date to be extended from 31st March 2020 to 30th June 2020. 3.     Vivad se Vishwas scheme – no additional 10%… Read more »

SECTION 80CCD के लिए अटल पेंशन योजना CBDT द्वारा अधिसूचित

Posted by & filed under Income Tax.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 7/2016 – Income-tax New Delhi, Date: 19th February, 2016 O. 529(E).- In exercise of the powers conferred by sub-section (1) of section 80CCD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the ‘Atal Pension Yojana (APY)’ as published in the… Read more »

New Form 16 Circular

Posted by & filed under Income Tax.

  TDS Certificate in Form No 16 as notified vide Notification No. 11/2013 dated 19.02.2013 has two parts viz Part A and Part B (Annexure). Part A contains details of tax deduction and deposit and Part B (Annexure) contains details of income.   ISSUE OF PART A OF FORM NO. 16 FOR DEDUCTION OF TAX… Read more »