Tag Archives: Income tax

Income Tax Penalty पर CBDT का नया Order I Faceless penalty scheme

By | March 1, 2021

Income Tax Penalty पर CBDT का नया Order I Faceless penalty scheme I CA Satbir Singh The Central Board of Direct Taxes (CBDT) has issued clarification that penalty proceedings arising or pending in the Investigation Wing, the directorate of I&CI, erstwhile DG (Risk-Assessment) or by any prescribed authority shall remain outside the purview of Faceless… Read More »

Budget 2021 : Income Tax on Provident Fund Interest Income

By | February 2, 2021

Taxability of Interest on various funds where income is exempt Clause (11) of section 10 of the Act provides for exemption with respect to any payment from a provident fund to which the Provident Funds Act, 1925 (19 of 1925) applies or from any other provident fund set up by the Central Government and notified… Read More »