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Tags : "itr"

Delhi HC dismisses RSSB chief Gurinder Singh Dhillon’s application seeking

The Delhi High court has dismissed an application filed by the head of Radha Soami Satsang Beas (RSSB) Gurinder Singh Dhillon seeking exemption on filing income tax returns and other financial documents. “In my view, these documents are essential to enable the learned Joint Registrar/Court to determine the merit in the stand of the garnishees […]Read More

Taxpayers need not disclose high-value transactions in ITR

NEW DELHI: Taxpayers would not need to mention their high-value transactions in their income tax returns, said officials in the know of the matter, but added that broadening the scope of reporting financial transactions by third parties had become vital since taxation was moving towards a faceless approach. “There is no such proposal to modify […]Read More

How to choose the tax regime for TDS on salary

The Central Board of Direct Taxes (CBDT), via a circular dated April 13, has clarified that employers will have to deduct TDS from salary for FY2020-21 as per the tax regime – new or old – chosen by the employee. If an employee wants to go for the new tax regime he/she must inform the […]Read More