Income Tax

Payment of salary to employees during the lockdown period can be adjusted against the CSR expenditure

Payment of salary to employees during the lockdown period can be adjusted against the CSR expenditure?

The Ministry of Corporates Affairs has clarified through a set of FAQs (Frequently Asked Questions) the eligibility of Corporate Social Responsibility (CSR) expenditure related to COVID-19 activities. Payment of salary to employees during the lockdown period can be adjusted against the CSR expenditure? General Circular No.15 /2020 No. CSR-01/4/2020-CSR-MCAGovernment of IndiaMinistry of Corporate Affairs 10th […]

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Income Tax Exemption of Rs. 5 lakhs per annum to pension income

Income Tax Exemption of Rs. 5 lakhs per annum to pension income

Income Tax Exemption of Rs. 5 lakhs per annum to pension income “Exemption of Rs. 5 lakhs per annum to pension income” Shiv Pratap Shukla D.O.No.370150/9/2017-TPL MINISTER OF STATE FOR FINANCE GOVERNMENT OF INDIA NEW DELHI – 110001 14th November, 2017 Dear Dr. Tharoor ji, Kindly refer to your D.O.letter No. DO/ST/09/2017/986 dated 26.09.2017 requesting

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Mandatory-Levy-will-be-charged-for-Non-filing-of-IT-Return-within-Due-date

Mandatory Levy will be charged for Non filing of IT Return within Due date

Mandatory Levy will be charged for Non filing of IT Return within Due date GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO: 4263 ANSWERED ON:11.08.2017 Action against Non-Filers of Income Tax RAYAPATI SAMBASIVA RAO a)The existing laws in place to deal with the IT defaulters; b)Whether the Government is planning to take

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Clarification regarding number of Taxpayers added after Demonetization

Clarification regarding number of Taxpayers added after Demonetization Various news reports/articles have appeared in the media regarding inconsistency in the estimates of the number of taxpayers added after demonetization. It has been commented that the following different figures have been given at different forums by different authorities: (i) The Prime Minister mentioned in his Independence

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