Tag Archives: Income tax

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

By | March 1, 2021
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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
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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 »

Computation of Income From Capital Gains Under Income Tax

By | November 6, 2020
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Computation of Income From Capital Gains Under Income Tax Law by Ram Dutt Sharma (Author) Buy Online Rs 720 Click here   Lack of awareness amongst taxpayer is often cited as the main reason for low level of compliance towards tax laws. It is my constant endeavour to increase the awareness of tile taxpayers about the provisions… Read More »

Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees

By | October 30, 2020
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Ministry of Finance Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees Posted On: 29 OCT 2020 In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees are not able to… Read More »

A Practical Guide to Search and Seizure Under Income Tax Act – 2nd Edition August 2020

By | October 8, 2020
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A Practical Guide to Search and Seizure Under Income Tax Act – 2nd Edition August 2020 by Gagankumar (Author) This book is an easy reference and a what to do guide to deal with real-life search cases under the Income-tax Act, 1961. The book covers the journey from the issuance of search authorization until the tax… Read More »