Leave Encashement Exemption Limit Increased to Rs 25 Lakh MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th May, 2023 (INCOME-TAX) S.O. 2276(E).—In exercise of the powers conferred by sub-clause (ii) of clause (10AA) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central… Read More »
Section 80DDB Income Tax Dedction for Medical Treatment Section 80DDB Income Tax Dedction for Medical Treatment as Amended by Finance act 2022, You aslo need to study Rule 11DD of Income tax rules Sumamry of Section 80DDB Income Tax Act Section 80DDB of the Income Tax Act provides tax deductions to taxpayers for medical expenses… Read More »
Section 80G Income Tax Act In this article we will discuss Sumamry of Section 80G of Income Tax Act and Complete section 80G of Income tax Act as Amended upto Finance act 2022 Summary of Section 80G of Income Tax Act Section 80G of the Income Tax Act provides tax deductions to taxpayers who make… Read More »
New Changes in Taxation of Residents & NRI in Indian Income Tax Act I CA Satbir Singh
बेटी के नाम House लिया तो भी मिलेगी Section 54F की Income Tax छूट I CA Satbir Singh
Taxmann’s Income Tax Act- As amended by Finance Act 2020 (65th Edition 2020) The present publication is the 65th edition & updated till 25th may 2020, with the following noteworthy features: taxmann’s bestseller book for more than five decades follows the six Sigma approach to achieve the benchmark of ‘zero error’ amended provisions as per… Read More »
In order to review the existing Income-tax Act, 1961 and to draft a new direct tax law, the Govt. had constituted a Task Force. Task Force was required to submit its report to Government by extended date of May 31, 2019. The said term has now been extended by CBDT by another two months. Task… Read More »
Section 115BA of Income Tax Act Section 115BA of Income Tax Act was inserted by Section – 51 of Finance Acts – 2016 . Relevant Extract are as follow Insertion of new section 115BA. 51. After section 115B of the Income-tax Act, with effect from the 1st day of April, 2017, the following section shall… Read More »
New Delhi, October 27, 2015 Kartika 5, 1937 The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following composition: (i) Justice R.V. Easwar, (Retd.), former Judge, Delhi High Court and former President, ITAT – Chairman (ii) Shri V.K. Bhasin, former Law… Read More »