Category Archives: Income Tax Circular

Where would deduction u/s 80CCD(1B) appear in Form 16 Part B ?

With effect from FY:2015-16, for investment in NPS, taxpayers can avail additional exemption of up to Rs. 50,000 as per Section 80CCD(1B)  while computing the taxable income. This deduction is… Read more »

FVU 5.5 & FVU 2.151 released by NSDL

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The Income Tax Department has released today (16th June, 2017), the following new File Validation Utilities: FVU version 5.5 – For statement pertaining to FY 2010-11 onwards FVU version 2.151… Read more »