Tag: income tax act

CBDT notifies Cost Inflation Index (CII) for the Financial Year-2020-21

Post Views: 213 COST INFLATION INDEX The cost inflation index (CII) for the Financial Year 2020-21 has been notified by the Central Board of Direct Taxes (CBDT) vide notification no. 32/2020 dated 12th June, 2020. This notification shall come into force with effect from 1st April, 2021 and shall accordingly apply to the assessment year […]

Statement of Financial Transaction (SFT)

Post Views: 346 Removal of black money transaction and tax evasion are the major problems the government India is facing from decades. The government of India had taken numerous measures to overtake such problems by way of getting sensitive and high value transaction details from indirect source. Such measures are Tax Deducted at Source (TDS), […]

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