Income Tax

  • Income Tax

Tax rates on income from Rs. 2 cr – 5 cr & Rs. 5 cr & above increased by 3 % and 7 % due to surcharge increase

Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above…

5 years ago
  • Income Tax

Prosecution u/s 276CC-increase in tax payable threshold, TDS/TCS to be considered

Prosecution u/s 276CC-increase in threshold of tax payable, TDS to be considered in determining tax liability payable The existing provisions…

5 years ago
  • Income Tax

Cancellation of registration u/s 12AA of Trust/Institution on violating any other law

Cancellation of registration u/s 12AA of Trust/Institution on violating any other law which was material for the purpose of achieving…

5 years ago
  • Income Tax

Tax Incentives given to start-ups in Union Budget 2019-20.

Tax Incentives given to start-ups in Union Budget 2019-20. carried forward and set off of losses, relaxation of conditions of…

5 years ago
  • Income Tax

Payment from NPS Trust on closure of account to be exempt up to 60%

Payment from NPS Trust on closure of account to be exempt up to 60% of total amount payable at the…

5 years ago
  • Income Tax

Deduction u/s 80EEB for interest on loan taken for purchase of electric vehicle

Deduction u/s 80EEB for interest on loan taken for purchase of electric vehicle With a view to improve environment and…

5 years ago
  • Income Tax

Deduction u/s 80EEA for interest up to 150000 on loan taken for affordable house property

Deduction u/s 80EEA for interest up to 150000 on loan taken for affordable house property  The Union Budget  2019-20 has…

5 years ago
  • Income Tax

Business to provide facility for accepting payment through prescribed electronic modes

Mandating acceptance of payments through prescribed electronic modes In order to move towards a less cash economy to reduce generation…

5 years ago
  • Income Tax

2% TDS on cash withdrawals from banks/post offices with effect from 01.09.2019-New Section 194N

2% TDS on cash withdrawals from banks/post offices with effect from 01.09.2019-New Section 194N In order to further discourage cash…

5 years ago
  • Income Tax

Consequence of not linking PAN with Aadhaar-Validity of transactions previously done

Consequence of not linking PAN with Aadhaar-Validity of transactions previously carried out through such PAN The existing proviso to the…

5 years ago