December 29, 2015 - India ITR

TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts

Income TaxBy Himanshi December 29, 2015

Circular No. 23 /2015 F.No.279/Misc./140/2015-1TJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th December, 2015 Subject:- TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts — reg. Section 194A of Income Tax Act, 1961 (“the Act”) stipulates deduction…

Benefit of LPG subsidy will not be available if the consumer or his/her spouse had taxable income of more than Rs Ten lakh in previous financial year

Misc. ItemsBy Himanshi December 29, 2015

At present, there are 16.35 crore LPG consumers in the country. With the implementation of the PAHAL Scheme (DBTL), the subsidy is being transferred directly to the Bank Account of 14.78 crore LPG Consumers. The objective of the scheme was to ensure that the subsidy benefits go to the targeted group. The Government had also…