TDS Current Affairs, GK & News
Income Tax Department to launch its new e-filing portal
Income Tax Department is set to launch its new ITR e-filing portal, which can be accessed through website called “www.incometax.gov.in’’. ITR e-filing portal ITR e-filing portal will be launched with aim of providing a modern, seamless and more convenient experience to taxpayers. Portal has been integrated with immediate processing of Income Tax Returns and quick refunds ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Income Tax Department • Income Tax returns • New e-filing portal • TDS
Finance Minister launched instant Aadhaar based E-KYC
On May 27, 2020, the Union Finance Minister Nirmala Sitaraman launched instant Aadhaar based E-KYC. Highlights The facility will be available for PAN applicants that possess valid Aadhaar number. They should also have a mobile number registered with Aadhaar. The process of allotting PAN is paperless and is also free of cost. Union Budget The ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Aadhaar • e-PAN • Income Tax • Know-Your-Customers (KYC) norms • nirmala sitaraman • TCS • TDS • Union Budget
Rs 20 Lakh crore Economic Package: MSME, EPF, NBFC, MFI, Real Estate Benefited
The Government of India had earlier launched Pradhan Mantri Garib Kalyan Yojana. Under which Rs 1.7 lakh crore was allocated. The Lock Down 4.0 that is to be launched on May 18, 2020 will operate under Atma Nirbhar Bharat Abhiyan. Highlights Under the new scheme, the Finance Minister Nirmala Sitaraman announced 15 different measures. Of ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: Employee Provident Fund (EPF) • Government Schemes • Investment • MSME • NBFC • Rera • TCS • TDS • Vivad Se Vishwas
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 recently into the Income Tax Act, 1961. According to the section, a person receiving income other than family business shall be taxed under Section 115 BAC. This ..
Month: Current Affairs - April, 2020
Category: India Nation & States Current Affairs
Topics: CBDT • Central Board of Direct Taxes (CBDT) • Guidelines • Income Tax • Income Tax Act 1961 • TDS
RBI announces sale of Sovereign Gold Bonds
The Reserve Bank of India (RBI) announced the issue of Sovereign Gold Bonds (SGBs) on behalf of Government of India. Sovereign Gold Bonds Sovereign Gold Bonds are government securities denominated in grams of gold. They were introduced as substitutes for holding physical gold. The bonds will be restricted for sale to resident individuals, HUFs, trusts, ..
Topics: Capital gains tax • Gold • RBI • Reserve Bank of India • Sovereign Gold Bonds • TDS
Interim Budget 2019: Changes in Income Tax Regime
The Union Minister of Finance Piyush Goyal presented the interim budget. The changes proposed related to the income tax regime are listed below: The Finance Minister has increased the tax slab for zero tax to Five Lakh rupees and the standard deduction introduced in the 2018 budget has been increased to Fifty thousand rupees from ..
Month: Current Affairs - February, 2019
Topics: Budget 2019 • capital gain tax • Interim Budget • Standard Deduction • TDS • Union Minister of Finance