Tag: Section 115BAC

Allowances and Perquisites allowable to assessee who exercises option u/s 115BAC under New Tax Regime MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 38/2020 New Delhi, the 26th June, 2020 INCOME-TAX G.S.R.  415(E).—In exercise  of  the  powers  conferred  by  sub-section  (2)  of  section  115BAC  read  …

Clarification in respect of option u/s 115BAC regarding TDS. Employee to intimate employer his intention for each previous year. CBDT Circular C1 of 2020 Circular C1 of 2020 F. No. 370142/13/2020-TPLGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes***** New Delhi, April 13, 2020 Clarification …