Tag: Income Tax
Hiring cabs to pick/drop staff? Cannot claim ITC on GST
According to the Himachal Pradesh bench of the Authority for Advance Ruling (AAR), input tax credit (ITC) for GST cannot be claimed by any...
Date for employers to issue TDS certificates/Form 16 extended to June...
The Government has extended the deadline for employers to issue tax deduction at source (TDS) certificates, or Form 16, to June 30, 2020. Usually,...
Bihar government employees haven’t paid tax on house rent allowance
As per income tax rules, salaried employees do not have to pay tax on a significant part of the house rent allowance (HRA) —...
Now, daily travel allowance to be taxed on failure to submit...
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.
CFOS, tax heads, Sr. finance professionals expect a change in income...
People want multiple outdated deductions to be replaced with standard deductions to boost disposable income in the hands of the people.
245 non-performing income tax commissioners reshuffled
The department is putting performers on key positions, whereas the non-performers are being discharged from significant roles and shifted to other locations.
Salary deducted for unserved notice period not taxable: ITAT
Only salary received would be taxable, and not portions, which were deducted by a company for not serving a notice period.