Category: CBDT

Section 194LBB – Income in respect of units of the Investment Fund

Section 194LBB of the Income Tax Act, 1961 has been inserted with effect from 1st June 2015 on TDS deduction on Income from Investment Funds. Time of Deduction: Deduction shall be… Read more »

New File Validation Utilities (FVUs) Version 8.3 & 2.179 released by NSDL on 11th October 2023

New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. The key features of these FVUs are summarized as under: FVU Version 8.3… Read more »

Computation of Income from House Property – Deduction of Interest u/s 24(b)

Income like rent on house property, annual value of property “deemed” to be let out are considered as income from House Property and is taxable in hands the hand of… Read more »