Income Tax

Inclusion of Interest Income in the Return of Income filed by Persons liable to Pay Tax

Inclusion of Interest Income in the Return of Income filed by Persons liable to Pay Tax Information regarding interest earned by individuals and business entities on term deposit is filed with the Income Tax Department by banks including co-operative banks and other financial institutions and State treasuries etc. Form 26AS reflects only those payments on […]

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NFIR writes to PM to withdraw of Budget proposal to levy Income Tax on Provident Fund

NFIR writes to PM to withdraw of Budget proposal to levy Income Tax on Provident Fund NFIR writes to PM to withdraw of Budget proposal to levy Income Tax on Provident Fund Serious resentment among employees against Budget proposal to levy Income Tax on withdrawal of 60% of provident Fund NFIR National Federation of Indian

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Revision in Income Tax exemption to at least Rs 4 lakh minimum expectation of common-man

Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man Monday, February 15, 2016 Revision in the Income Tax exemption limit to at least Rs four lakh is the most important and pressing expectation of a common-man who also seeks from the Finance Minister Mr Arun Jaitley extra incentives for savings

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Electronic Verification CODE (EVC) for electronically filed Income Tax Return Additional Modes

Electronic Verification CODE (EVC) for electronically filed Income Tax Return Additional Modes F No.1/23/CIT(OSD)/E-filing- Electronic Verification /2015-16 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. I /2016 New Delhi Dated the 19th day of January 2016 Subject: Electronic Verification CODE (EVC) for electronically filed Income

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