The apex court ruled that zero-interest loans offered to employees of private-sector banks by their employers would be taxable as…
Browsing: Income Tax
The Central Board of Direct Taxes (CBDT) has come up with a new rule that will result in an increase…
The Central Board of Direct Taxes (CBDT) issues a circular that explains the deduction of TDS from salaries. The board…
The Supreme Court has ruled that Leave Travel Concession (LTC) cannot be claimed by government employees for foreign travel or…
As per the amendment of Section 56 of the Income Tax Act, via the Finance Bill, 2022, any amount received…
When the Indian finance minister had said a month ago that non-resident Indians NRI) who did not pay taxes in…
According to the Himachal Pradesh bench of the Authority for Advance Ruling (AAR), input tax credit (ITC) for GST cannot…
The Government has extended the deadline for employers to issue tax deduction at source (TDS) certificates, or Form 16, to…
As per income tax rules, salaried employees do not have to pay tax on a significant part of the house…
Any allowance paid to the assessee to meet his personal expenses at the place where the duties of his office are ordinarily performed is not exempt under the Income Tax Act.
People want multiple outdated deductions to be replaced with standard deductions to boost disposable income in the hands of the people.
The department is putting performers on key positions, whereas the non-performers are being discharged from significant roles and shifted to other locations.
Only salary received would be taxable, and not portions, which were deducted by a company for not serving a notice period.