Post by: Arnold Thomas in Income Tax
Income Tax 7th Amendment Rules 2020 The CBDT (Central Board of Direct Taxes) has further amended the Income Tax Act 1962 in a notification dated 5th March 2020 to be called as Income Tax 7th Amendment Rules 2020. This is released in…
Post by: Arnold Thomas in Aadhaar Income Tax
Income Tax 5th Amendment Rules 2020 The Central Board of Direct Taxes has issued a notification dated 13th February 2020 called IT 5th amendment rules 2020 with rules to further amend the Income Tax Rules 1962. This new rule has…
Post by: Arnold Thomas in Income Tax
Income Tax 4th Amendment Rules 2020 The CBDT(Central Board of Direct Taxes) has released a notification on 12th February 2020 called the Income-tax (4th Amendment) Rules, 2020. The CBDT has introduced Forms 10-IC and 10-ID to opt for reduced tax rates…
Post by: Shushma in Income Tax
Filing Form 35 - Income Tax Appeal Provisions relating to the form of appeal to Commissioner (Appeals) are contained under rule 45 of the Income Tax Rules. As per the said rule 45, an appeal to the Commissioner of Income…
Post by: Shushma in Income Tax
Rule 12 of the Income Tax Rules, 1962 The Central Board of Direct Taxes, vide notification no. 32/2019 dated 1st April 2019, introduced the Income Tax (Second Amendment) Rules, 2019 which are made effective from 1st April 2019. Vide the said…
Post by: Shushma in Income Tax
Leave Travel Allowance In order to cover the travel expenses incurred by the employee at the time of leave, Leave Travel Allowance (LTA), also known as Leave Travel Concession (LTC), is provided by an employer to employees. Exemption from tax…
Post by: Shushma in Income Tax
Rule 11UAB - Fair Market Value of Inventory Clause (via) to Section 28 of the Income Tax Act, 1961, was inserted vide the Finance Act, 2018. The said clause provides that any profit and gains at the time of conversion…
Post by: IndiaFilings in Income Tax
Form 34B - Income Tax APPLICATION FOR SETTLEMENT OF CASES (See section 245C of the Income-tax Act, 1961 and rules 44C and 44CA of the Income-tax Rules, 1962) [maxbutton id="17" url="https://www.indiafilings.com/learn/wp-content/uploads/2018/04/Form-34B.pdf" text="Download Form 34B in PDF Format" ]
Post by: IndiaFilings in Income Tax
Form 34BA - Income Tax INTIMATION TO THE ASSESSING OFFICER OF HAVING MADE AN APPLICATION TO THE SETTLEMENT COMMISSION (See Section 245C of the Income-tax Act, 1961 and rule 44C of the Income-tax Rules, 1962) [maxbutton id="17" url="https://www.indiafilings.com/learn/wp-content/uploads/2018/04/Form-34BA.pdf" text="Download Form 34BA in PDF Format" ]
Post by: Supreena in Income Tax
Form 45 - Income Tax Warrant of authorisation under section 132 of the Income -tax Act, 1961, and rule 112(1) of the Income -tax Rules, 1962 [maxbutton id="17" url="https://www.indiafilings.com/learn/wp-content/uploads/2018/04/Form-45.pdf" text="Download Form 45 in PDF Format" ]