Page-2 of Topic: Income Tax
CBDT issues clarification over Section 115 BAC of Income Tax Act
The Central Board of Direct Taxes recently clarified that the employers shall seek clarification and detect tax at source. Section 115 BAC The Section 115 BAC was inserted...
Finance Bill, 2020 passed in Lok Sabha
On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of...
Parliament passed Direct Tax Vivad Se Viswas Bill, 2020
On March 14, 2020, Parliament passed the Direct Tax Vivad Se Viswas Bill, 2020. The bill aims to reduce the number of litigation that are associated with direct...Disability Pension
The government recently withdrew a circular that directed banks to deduct income tax from disability benefits and pensions given to military personnel following public protest. Categorisation of Disability...National Sports Development Fund
The National Sports Development Fund (NSDF) in India is a crucial initiative aimed at supporting and nurturing the country’s sports talent, infrastructure, and overall development. Established with the...
National Pension Scheme for traders: Not successful as expected
The National Pension Scheme for traders, Shopkeepers and Self-Employed persons, also called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana was launched in July 2019. It aimed at benefitting...
Tripura gets its first Special Economic Zone(SEZ)
The Ministry of Commerce and Industry on Monday, 16th December 2019 has notified the setting up of the first-ever Special Economic Zone(SEZ) in Tripura. The Special Economic Zone(SEZ)... CBDT inaugurates Web Portal for exchange of information on Income Tax
Central Board of Direct Taxes (CBDT) has inaugurated the Web Portal for Exchange of Information on Income Tax which will consolidate all relevant Automatic Exchange of Information (AEOI)...
Government launches National E-Assessment Scheme
The National E – assessment scheme was launched to make income tax assessment faster, smoother and hassle – free. The system focuses on eliminating the middle men between...K M Prasad appointed as new Principal Chief Commissioner of Income-tax (PCCIT) of National e-assessment centre
The National e-Assessment Centre (NeAC) has been set up by the Central Board of Direct Taxes (CBDT) in the national capital as part of the government’s ambitious plan...
