Budget 2022-23 promotes Voluntary compliance and reduced Litigation
Budget 2022-23 proposed to introduce a new sub-section i.e. Sub-section 8(A) to section 139 whereby taxpayer will be provided with a benefit to file updated return within 24 months from end of relevant assessment year.
Taxability of Salary Income- Important things to know
Provisions for Income under head salary contained in Section 15, 16 and 17 of the Income Tax Act 1961.
Section 15 deals with chargeability, section 16 contains provision related with Deduction and section 17 deals with meaning of salary, perquisite and profit in lieu of salary.
Latest News- CBDT extends due date for filing Income Tax Returns and audit reports for Assessment year 2021-22
CBDT extends due date for filing Income Tax Returns and audit reports for Assessment year 2021-22 to 15th February 2022
GOI Notification: Auction for Sale (Re-issue) of (i) ‘4.26% GS 2023’,(ii) ‘6.10% GS 2031’ and (iii) ‘6.76% GS 2061’
GOI Notification: Auction for Sale (Re-issue) of (i) ‘4.26% GS 2023’,(ii) ‘6.10% GS 2031’ and (iii) ‘6.76% GS 2061’