Tag: Central Board of Direct Taxes

Tax deduction at source is not applicable to reasonable per diem allowances paid to employees for overseas trips

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 »

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 »

Income Tax department gets new tech tool to identify, kill duplicate PAN

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 »

Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor

CBDT has issued a press release regarding non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor. The issued press release… Read more »