Tax Exemption

Goodwill depreciation: CBDT inserts new rules for computing STCG and WDV

The Central Board of Direct Taxes notified the computation mechanism of written…
Tax Exemption

IT department extends manual filing of IT Forms 15CA/15CB

The income tax department announced that the taxpayers can submit a manual…

Extension of interest equalisation scheme for exporters by three months

The government of India approves the extension of the Interest Equalisation Scheme…

NITI Aayog suggests 100% IT exemption for donations

NITI Aayog, set up by the government for transforming India’s development agenda,…

Centre announces tax exemptions and extends compliance deadlines

The government extends the timelines for compliances related to income tax. In…

No scrutiny assessment on homemakers for cash deposited during demonetisation

The income tax appellate tribunal has provided a big relief to the…
Tax Exemption

Section 206AB and Section 206CCA: Compliance Check Functionality Introduced

To help the tax deductor or the collector comply with two new…

Know Dividend Income Disclosure Requirements for FY 2020-21

The taxability of dividends with effect from the financial year 2020-21 is…
Statistics Study

The Cost Inflation Index (CII) for the Financial Year 2021-22 is 317

The CBDT has notified the Cost Inflation Index (CII) for FY 2021-22…