Tuesday, August 18, 2020

CBDT issues conditions for Pension Funds to avail Income Tax Exemptions [Read Notification]

The Central Board of Direct Taxes (CBDT) on Monday notified the Income-tax (20th Amendment) Rules, 2020, which seeks to amend Income-tax Rules, 1962. The amendment seeks to insert Rule 2DB which lays down other conditions to be satisfied by the pension fund. For the purposes of clause (23FE) of section 10, the pension fund shall […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3hc9N2y

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