Section 115Ba Related Articles

Jul - 2023

01

New Form 10-IEA for Opting & Withdrawing from New Tax Regime for FY 23-24

New Form 10-IEA for Opting & Withdrawing from New Tax Regime for FY 23-24

New Form 10-IEA for Opting & Withdrawing from New Tax Regime for FY 23-24 The Central Board of Direct Taxes has introduced Form 10-IEA for business owners and professionals who wish to continue using the old income tax regime in the current financial year. Starting from FY 2023-24, the new tax ...

Jun - 2023

28

CBDT Clarification on TDS from Salary under New Tax Regime

CBDT Clarification on TDS from Salary under New Tax Regime

CBDT Clarification on TDS from Salary under New Tax Regime The Central Board of Direct Taxes (CBDT) recently issued Circular 4/2023 on 5th April 2023. This circular aims to clarify the deduction of Tax Deducted at Source (TDS) under Section 192 of the Income-tax Act, 1961, in conjunction with sub-s ...

Apr - 2020

27

CBDT Clarification on Section 115BAC of Income Tax Act

CBDT Clarification on Section 115BAC of Income Tax Act

CBDT Clarification on Section 115BAC of Income Tax Act The Finance Act 2020 has inserted a new section 115BAC of Income Tax Act, wherein an individual gets an option to choose between the actual tax rates and the new concessional tax rates without considering prescribed exemptions or deductions. Ho ...

Oct - 2019

09

Section 115BAB – Income Tax Regulations

Section 115BAB – Income Tax Regulations

Section 115BAB – Income Tax Regulations The Ministry of Finance (MoF) introduced taxation laws, Section 115BAA and Section 115BAB for domestic and domestic manufacturing companies, registered on or after October 1st 2019 or commencing before 31 st March 2023. The sections were introduced to support ...

Oct - 2019

04

Section 115BAA – Income Tax Regulations

Section 115BAA – Income Tax Regulations

Section 115BAA – Income Tax Regulations To reduce the difficulty in availing Minimum Alternative Tax, Government of India (GoI) introduced Section 115BAA in taxation laws for both existing and newly formed companies on or after October 1, 2019. This section would allow companies to regularise and a ...

Dec - 2017

11

Tax Benefit for Startups - Assessment Year 2018-19

Tax Benefit for Startups - Assessment Year 2018-19

Tax Benefit for Startups - Assessment Year 2018-19 The Startup eco-system in India has rapidly developed over the last decade in India, powered by a strong Government push and fast-growing internet penetration. In a bid to boost Entrepreneurship in India, the Government has announced various tax be ...

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