Income Tax

How to Claim Income Tax Exemption on Conveyance Allowance ?

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…

Know the Tax on Cash Withdrawals from Bank Accounts

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…

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