Tag: Income-tax Rules

CBDT issues notification for amendment of Form No. 15H of the Income-tax Rules, 1962

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open view news desk Sub-section (1C) of section 197A of the Income-tax Act, 1961 (the Act) read with rule 29C of the Rules, inter alia, provides that no deduction of tax shall be made in case of a resident individual, who is of the age of sixty years or more, […]

CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962

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open view news desk Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of Sections 11 and 12 of the Act. One such condition under  clause (b) of sub-section (1) thereof is that where the total income of the trust or institution computed […]

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