All the GPF subscribers whose GPF subscription is over Rs.5,00,000/- (Rupees Five Lakhs only) in the Financial year 2021-22 are required to intimate about the interest earned by them before salary bills
Income tax
Budget 2022-23 for TaxPayers (Limit, Deduction, Relief)
Taxpayers get an opportunity to correct any omissions or mistakes in correctly estimating their income for tax payment. if the department finds out that some income has been missed out by the assessee, it goes through a lengthy process of adjudication, the new proposal would repose trust in the taxpayer.
Union Budget Highlights 2022-23
he Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament
Extension of timelines for filing of Income-tax returns – Year 2021-22
Circular No. 01/2022 F. No. 225/49/2021/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, dated 11th January 2022 Subject: – Extension of timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22– reg. On consideration of difficulties reported by the taxpayers and other stakeholders due […]
Admissibility of Composite Transfer Grant (CTG) on Retirement
No.19030/1/2017- E.IVGovernment of IndiaMinistry of FinanceDepartment of Expenditure North Block, New Delhi, Dated the 6th January, 2022 OFFICE MEMORANDUM Subject : Admissibility of Composite Transfer Grant (CTG) on Retirement. References have been received in Department of Expenditure seeking clarification on admissibility of Composite Transfer Grant (CTG) in r/o Central Government employees on settlement after Retirement […]