Category: INCOME TAX
Computation of Income under the Head Salaries – Income Chargeable, Exemptions, Deductions u/s 16 & Chapter VI-A: IT Circular 8/2013 Part 5
5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"
5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES":
(1) The following income shall be chargeabl [...]
TDS Return – Person Responsible Tax Deduction and their Duties: Income Tax on Salaries : IT Circular 8/2013 Part 4
4. PERSONS RESPONSIBLE FOR DEDUCTING TAX AND THEIR DUTIES:
4.1. As per section 204(i) of the Act, the "persons responsible for paying" for the pu [...]
Method of Tax Calculation – Broad Scheme of Tax Deduction at Source from Salaries : IT Circular 08/2013 Part 3
3. SECTION 192 OF THE INCOME-TAX ACT, 1961: BROAD SCHEME OF
TAX DEDUCTION AT SOURCE FROM "SALARIES":
3.1 Method of Tax Calculation:
Every per [...]
Income-Tax Deduction from Salaries during the Financial Year 2013-14: IT Circular No. 08/2013 Part-I
CIRCULAR NO : 08 /2013
F.No. 275/192/2013-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New [...]
Rates of Income-Tax on Salaries for AY 2014-2015 FY 2013-2014: IT Circular 08/2013 Part-2
2. RATES OF INCOME-TAX AS
PER FINANCE ACT, 2013:
As per the Finance Act,
2013, income-tax is required to be deducted under Section 192 of the Act [...]
Cabinet likely to consider Direct Taxes Code Bill
Cabinet likely to consider Direct Taxes Code Bill tomorrow: Economic Times
NEW DELHI: The Cabinet is likely to consider tomorrow the Direct Taxes C [...]
Tax relief on treatment of serious diseases u/s 80DDB
GOVERNMENT OF INDIA
MINISTRY OF HEALTH AND FAMILY WELFARE
RAJYA SABHA
UNSTARRED QUESTION NO-883
ANSWERED ON-13.08.2013
Tax relief on treatm [...]
IT Department urges all those tax payers to file their IT Returns, who missed even the extended deadline of August 5.
IT Department urges all those tax payers to file their IT Returns, who missed even the extended deadline of August 5.
The Income Tax Department ha [...]
Ready Reckoner for late Income Tax Return filling
A Ready Reckoner for Late Income Tax Return filing:
Important tax return filing dates for the Assessment Year 2013-14 (Financial Year 2012-13)
July [...]
Overwhelming Response to e-Filing of ITR: 123.03 Lakh Returns e-Filed till 5th August, 2013 Which is 68.3%
Press Information Bureau
Government of India
Ministry of Finance
07-August-2013 14:28 IST
Overwhelming Response to e-Filing of ITR: [...]