Know to Claim Income Tax Exemption on Conveyance Allowance and category of employees eligible to get it - The Central Board of Direct Taxes (CBDT) has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance rec…
Amendment has been made to Sec 194N of Income Tax Act relating to TDS applicable for cash withdrawals in your bank account/s from 01-07-2020, as per notification by CBDT. It is made clear that the higher rate of TDS will be applicable on cash wit…