Search For "income tax act"
Centre exempts tax for interest income on select off-shore rupee denominat
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 17 (ANI): The union government on Monday announced that interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect to rupee denominated bonds issued outside India before July 1, 2020, would be liable for a conce
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ECHS contributions eligible for IT benefits: Jaitley
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 17 (ANI): Finance Minister Arun Jaitley on Monday announced that contributions made under the Ex-servicemen Contributory Health Scheme (ECHS) would be eligible for claiming deduction under Section 80D of the Income Tax Act from the current financial year.
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IT Dept. extends date for sending suggestions on new direct tax
Updated : 7 years, 9 months ago IST
New Delhi (India), May 28 (ANI): The Income Tax Department's Task Force has extended the date for sending suggestions or feedback on existing Income-Tax Act, 1961 and drafting a new direct tax law till June 15.
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Task force gets deadline extension to present report on tax laws
Updated : 7 years, 9 months ago IST
New Delhi [India], May 22 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday announced a three-month extension for the special task force, constituted to review the existing tax laws and suggest necessary modifications.
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CBDT notifies introduction of section 112A in the Act
Updated : 7 years, 10 months ago IST
New Delhi [India], Apr 24 (ANI): Central Board of Direct Taxes (CBDT) on Tuesday notified that the Finance Act, 2018 has withdrawn the exemption under clause (38) of section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act.
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CBDT amends Section 16 of Income Tax Act
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 05 (ANI): The Central Board of Direct Taxes (CBDT) on Thursday announced that the Finance Act, 2018 has amended Section 16 of the Income Tax Act, 1961.
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CBDT invites suggestions for new Direct Tax Law
Updated : 7 years, 12 months ago IST
New Delhi [India] March 21 (ANI): The Central Board of Direct Taxes (CBDT) has invited suggestions from general public for new Direct Tax Law.
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Govt relaxes provisions for levying Minimum Alternate Tax
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 6 (ANI): In a bid to minimise the hardship faced by companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016, the Centre on Saturday announced a relaxation in the provisions relat
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Commercial, cooperative banks to be treated 'at par', asserts Jaitley
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 29 (ANI): Union Finance Minister Arun Jaitley on Friday said no income tax exemption would be provided to profit-making cooperative banks, adding that they should be treated at par with commercial banks, owing to their method of functioning.
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SC, Centre on same page for Aadhaar linkage
Updated : 8 years, 3 months ago IST
New Delhi [India] Dec. 15 (ANI): The Supreme Court on Friday extended the deadline for the linking of Aadhaar with bank accounts and mobile phones to March 31, 2018.
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SC to hear Vodafone tax dispute case after Jan 10
Updated : 8 years, 3 months ago IST
New Delhi [India] Dec. 14 (ANI): The Supreme Court on Thursday said the Vodafone tax dispute case won't be heard before January 10.
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All notifications to link Aadhaar to services valid: UIDAI
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 7 (ANI): The Unique Identification Authority of India (UIDAI) on Thursday said all notifications for presenting the Aadhaar card for various government services stood valid and legal as the Supreme Court had not put a stay on it.
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