Employees thank Prime Minister for allowing standard deduction of Rs 40,000 Ministry of Personnel, Public Grievances & Pensions Delegation of DoPT employees calls on MoS (PP) Dr Jitendra Singh Employees thank Prime Minister for allowing standard deduction of Rs 40,000 A delegation of officials of Department of Personnel and Training (DoPT), called on the Union Minister … [Read more...] about Employees thank Prime Minister for allowing standard deduction of Rs 40,000
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Income Tax Exemption
Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham
Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham Budget-2016-17: 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 … [Read more...] about Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham
Issue of IT Refunds of Smaller Amounts
Issue of IT Refunds of Smaller Amounts In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than Rs.50,000/- expeditiously. As a result of the special drive to issue … [Read more...] about Issue of IT Refunds of Smaller Amounts
Tax Benefits to Tourism Industry
Tax Benefits to Tourism Industry The Tourism Industry has requested the Government of India for the following fiscal benefits including tax rebate and relaxations: i. Inclusion of tourism infrastructure like hotels/resorts/tourist lodges/banquet halls/convention and exhibition centres etc. for benefits of Section 32 AC of Income Tax Act 1961 by lowering the minimum threshold … [Read more...] about Tax Benefits to Tourism Industry
CBDT Extended the due date of filing return of income for AY 2015-16 from 31st July 2015 to 31st August 2015
Extension of due date of filing return of income for Assessment Year 2015-16 G.I., Department of Revenue, Central Board of Direct Taxes, O.M.F.No.225/154/2015/TA.II, dated 10.6.2015 Order under Section 119 of the Income-tax Act 1991 Subject- Extension of due date of filing return of income for Assessment Year 2015-16 – regarding; The Central Board of Direct Taxes, in … [Read more...] about CBDT Extended the due date of filing return of income for AY 2015-16 from 31st July 2015 to 31st August 2015