CBDT’s order regarding linking of PAN with Aadhaar while filing of ITRs F.No.225/270/2017/lTA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA II Division, New Delhi, dated the 30th of June, 2018 Order under Section 119 of the Income-tax Act, 1961 Vide its orders dated 31.07.17, 31.08.17, 08.12.2017 … Read more
Standard Deduction Applicable for Pensioners – Clarification Ministry of Finance Clarification regarding applicability of standard deduction to pension received from the former employer The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head “Salaries”. The Finance Act, 2018 has amended … Read more
Black money is a crime against humanity – CBDT Press Release Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th November, 2016. PRESS RELEASE Sub: Demonetisation of Old High Denomination Currency & Cash Deposits in Bank Accounts It was announced by the Government earlier that small deposits … Read more
Claiming of medical expenditure for tax purposes made easy One of the pillars of the of the taxation proposals included in the Finance Minister’s Budget Speech for 2015-16 was extension of benefits to the middle class. In this process, the Finance Minister announced extension of certain benefits in respect of medical treatment under section 80DDB. … Read more
CBDT extends due date for E-filing up to 7.9.2015 Due-Date for E-Filing Returns of Income for Assessment Year 2015-16 Extended up to 7th September 2015 in Respect of all Taxpayers who were Required to E-File their Returns of Income by 31st August 2015 The Government has received various representations that tax payers have faced difficulties … Read more