Tag Archives: Income tax

Rules 114AAA Income Tax Rules : PAN Inoperative if not linked with Aadhaar

By | February 14, 2020
0 Comment

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 13th February, 2020 G.S.R. 112(E).—In exercise of the powers conferred by proviso to sub-section (2) of section 139AA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following… Read More »

New TCS u/s 206C on foreign remittance ,selling of overseas tour package & TCS on sale of goods over a limit.

By | February 3, 2020
0 Comment

Widening the scope of section 206C to include TCS on foreign remittance through Liberalised Remittance Scheme (LRS) and on selling of overseas tour package as well as TCS on sale of goods over a limit. Source Union Budget 2020 Download Section 206C of the Act provides for the collection of tax at source (TCS) on business… Read More »