Daily Archives: February 7, 2023

KISAN VIKAS PATRA (AMENDMENT) SCHEME, 2023

By | February 7, 2023

KISAN VIKAS PATRA (AMENDMENT) SCHEME, 2023 – AMENDMENT IN PARAGRAPHS 5 AND 6 NOTIFICATION G.S.R. 52(E) [F. NO. 1/04/2016-NS], DATED 20-1-2023 In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following scheme further to amend the Kisan Vikas Patra Scheme,… Read More »

National Savings Time Deposit (Amendment) Scheme, 2023.

By | February 7, 2023

NATIONAL SAVINGS TIME DEPOSIT (AMENDMENT) SCHEME, 2023 – AMENDMENT IN PARAGRAPH 7 NOTIFICATION G.S.R. 53(E) [F. NO. 1/04/2016-NS], DATED 20-1-2023 In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the National Savings Time Deposit Scheme,… Read More »

National Savings Certificates (VIII Issue) (Amendment) Scheme 2023.

By | February 7, 2023

NATIONAL SAVINGS CERTIFICATES (VIII ISSUE) (AMENDMENT) SCHEME, 2023 – AMENDMENT IN PARAGRAPH 5 NOTIFICATION G.S.R. 54(E) [F. NO. 1/04/2016-NS], DATED 20-1-2023 In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the National Savings Certificates (VIII Issue)… Read More »

National Savings (Monthly Income Account) (Amendment) Scheme, 2023.

By | February 7, 2023

NOTIFICATION G.S.R. 55(E) [F. NO. 1/04/2016-NS], DATED 20-1-2023 In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the National Savings (Monthly Income Account) Scheme, 2019, namely: — Short title and commencement. 1. (1) This Scheme may… Read More »

Senior Citizens’ Savings (Amendment) Scheme, 2023

By | February 7, 2023

NOTIFICATION G.S.R. 56(E) [F. NO. 1/04/2016-NS] SENIOR CITIZENS’ SAVINGS (AMENDMENT) SCHEME, 2023 – AMENDMENT IN PARAGRAPH 5 NOTIFICATION G.S.R. 56(E) [F. NO. 1/04/2016-NS], DATED 20-1-2023 In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the… Read More »

New FAQ’s on Income Tax Everification Scheme 2021

By | February 7, 2023

FREQUENTLY ASKED QUESTIONS (FAQS) ON E-VERIFICATION SCHEME, 2021 PRESS RELEASE, DATED 1-2-2023 I. The FAQs on the e-Verification Scheme, 2021 (hereafter ‘FAQs’) aim to provide general guidance in understanding the procedures and processes of the e-Verification Scheme, 2021 issued vide Notification no. 137/2021 dated 13.12.2021. These are presented in an easy-to-understand manner without using the technical… Read More »

Individual taxpayers below age of 18 years, 4,861 ITRs filed and paid Rs 6.31 crore gross taxes, before claim of refund, during FY 2022-23 till 31st January 2023

By | February 7, 2023

Ministry of Finance For individual taxpayers between the age of 18 to 35 years, 2,09,06,829 ITRs filed, and Rs 93,318 crore paid in gross taxes, before claim of refund, during FY 2022-23 till 31st January 2023 For individual taxpayers below age of 18 years, 4,861 ITRs filed and paid Rs 6.31 crore gross taxes, before… Read More »

INCOME TAX ON CASH benefits and perquisites : Budget 2023-24

By | February 7, 2023

Providing clarity on benefits and perquisites in cash Section 28 of the Act provides for income that shall be chargeable to income-tax under the  head “Profits and gains of business or profession”. Clause (iv) of this section brings to chargeability the value of any benefit or perquisite, whether convertible into money or not, arising from… Read More »