Category: Income Tax Circular

CBDT further extends date for filing Income Tax Returns and Audit Reports

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 8th October, 2018 PRESS RELEASE CBDT further extends date for filing Income Tax Returns… Read more »

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 »

Relaxation for Furnishing of UID in case of Form 15G/15H for certain quarters

Circular No.18/2016   F.No 142/32/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 23rd May, 2016 Sub: Relaxation for Furnishing of UID… Read more »

Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act, 1961

The Income Tax (I-T) department will now add interest amount to a delayed refund made on excess tax deducted at source (TDS) cuts and will also not litigate with the… Read more »