Thursday, Mar 28 2024 | Time 19:23 Hrs(IST)
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India


Date for submitting forms for claiming exemption from TDS extended

New Delhi, Apr 4 (UNI) In a measure to mitigate the hardship of people amid the Novel Coronavirus crisis, the Income Tax Department on Saturday allowed individuals to submit Form 15G and 15H for the current fiscal after June 30, for claiming exemption from TDS on interest income.
In an order, the Central Board of Direct Taxes (CBDT) said the 15G and 15H forms submitted last fiscal will remain valid till June 30, 2020, since the Covid-19 pandemic has caused severe disruption in the normal working of almost all sectors of the economy, including banks and other institutions.
According to a notification issued by the Central Board for Direct Taxes, ''All the assessees who have filed application for lower or nil deduction of TDS/TCS for FY 2020-21 and whose applications are pending for disposal as on date and they have been issued such certificates for FY 2019-20, then such certificates would be applicable till June 30, 2020 of FY 2020-21 or disposal of their applications by the Assessing Officers, whichever is earlier, in respect of the transaction and the deductor or collector if any, for whom the certificate was issued for FY 2019-20.
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No legal bar in Kejriwal continuing as CM:  Delhi HC

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UNICEF India, IIHMR Delhi & IIT Mumbai launch digital health course to bridge tech-knowledge gaps

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BJP govt failed to control crime against women: Congress

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Varun Gandhi pens down emotional letter after being denied ticket

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