CBDT Notifies Cost Inflation Index for AY 2019-20 at 280

The Central Board of Direct Taxes vide Notification No.26/2018/F.No.370142/3/2018 notifies Cost Inflation Index for FY 2018-19 at 280. This notification shall come into force with effect from April 1, 2019 and shall accordingly apply to AY 2019-20 and subsequent years. The notification can be downloaded by Continue Reading

India Amends Double Taxation Avoidance Agreement with Kuwait

CBDT on 4th May notified that The Government of India and Government of the State of Kuwait have Amended Double Taxation Avoidance Agreement (DTAA). The Amended Protocol can be downloaded by clicking here

CBDT Doubles Exemption Limit Conveyance Allowance

Vide Notification No. 39/2015/F. No.142/02/2015-TPL, CBDT doubled conveyance allowance from Rs. 800 per month to Rs. 1600 per month for employees to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty. Continue Reading