Background The Income-tax Act, 1961 (the Act) provides exemption from tax in respect of allowances granted by an employer to its employees in order to meet specific expenses to the… Read more »
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 »
Currently, the Due dates for filing of TDS returns are different for Government Deductors and Non Government Deductors, which is as follows : Sl. No. Date of ending of the quarter… Read more »
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 »
CBDT has issued a press release in which it has requested taxpayers to avail facility for online rectification. The issued press release has been given below: Government of India Ministry… Read more »
After years of labour, the Income Tax department has finally got a new technology tool to check the menace of duplicate PAN cards which also allows the taxman to ‘kill’… Read more »