Section 194LBA – Certain Income from units of Business Trust
Section 194LBA of the Income Tax Act, 1961 has been inserted with effect from 1st October, 2014. The provisions of the same are explained hereunder – The Income covered under… Read more »
Tag: Income-tax Act 1961
CPC(TDS) Advisory Communication regarding “Aggregated TDS Compliance” at Organization’s PAN Level
CPC (TDS) has issued a letter to all deductors with information regarding the release of new feature Aggregated TDS Compliance at Organizations PAN level. The letter produced is here as under:… Read more »
CPC(TDS) Advisory Communication regarding Certificate u/s 197/197A for Lower or No Deduction of Tax
CPC(TDS) has issued a letter to all deductors regarding clarification of Lower Deduction/No deduction u/s 197 or 197A The letter produced is here as under: Date of communication: 04/02/2014 Dear… Read more »
How to pay Advance Tax for Asstt. Year 2014-15?
PAYMENT OF ADVANCE U/S. 207, 208, 209, 210 AND 211 OF THE INCOME TAX ACT, 1961 Payment of advance tax is governed by sec. 207,208,209,210 and 211 of the Income… Read more »
Tax Liability and Exemptions after retirement/superannuation
On the matter of tax exemption or liability after retirement / superannuation let us have a look at the basic provision related to tax-ability of leave salary. Leave salary, also… Read more »
No deduction in certain cases – specified payment under section 197A(1F)
SECTION 197A OF THE INCOME-TAX ACT, 1961 – DEDUCTION OF TAX AT SOURCE – NO DEDUCTION IN CERTAIN CASES – SPECIFIED PAYMENT UNDER SECTION 197A(1F) NOTIFICATION NO. 56/2012 [F. NO…. Read more »