Q & A Corner
10:38 am

No Penalty for delayed Filing of Income Tax Return this year

IBA-taxscan

Finance Ministry releases FAQs and replies on withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of Rs 500/- and Rs 1,000

Any amount of money received as gift from relatives are exempted from Tax liability

Provident Fund withdrawal is taxable if it is done without rendering continuous service for 5 years

Income earned from Gold Monetization Scheme are eligible for Tax exemption

Income Declaration Scheme - Finance Act - taxscan

Declarants under Income Declaration Scheme can pay interest and penalty in three instalments; CBDT [Read Clarifications]

Income Declaration Scheme-cbdt-taxscan-

CBDT issues of further clarifications (FAQs) on Income Declaration Scheme, 2016 [Read Circular]

Income Declaration Scheme-cbdt-taxscan-

Income Declaration Scheme; PAN Mandatory, Scheme open to residents & non residents; CBDT [Read Circular]

Foreign Artists - Income Tax - taxscan

No TCS if the Cash receipt does not exceed 2Lac; CBDT issues clarification to Amendment in Section 206C of the Income Tax Act

Budget 2016 - CBDT - Taxscan

1% Tax at Source only on retail sales of Motor Vehicles of the value exceeding 10L₹: CBDT Circular [Read Circular]

Budget 2016 - CBDT - Taxscan

Clarification on implementation of Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS)