1. Income Through Savings Account Interest Interest earned on a savings account is exempt for taxation purposes for a limit of Rs. 10,000/-. This amount is cumulative of all saving…
Section 40A(3) of the Income Tax Act, 1961, provides for some restrictions on cash payments exceeding certain limits. Rule 6DD was framed by the CBDT which provides for cases and…
Download full notification by clicking here. Due to COVID-19, Govt has now extended the deadlines for following returns: (i) The Statement of Financial Transactions (SFT) for the Financial Year 2020-…
The e-filing website of Income Tax www.incometaxindiaefiling.gov.in will not be available from 1st June to 6th June, 2021. The website will not be available due to transition to the new…