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Who Are Taxpayers?

An Indian post office savings programme for older persons is called Senior Citizen Savings Scheme. You are able to invest a flat sum of up to Rs. 15 lakhs with a 5-year lock-in term. To guarantee that older persons receive consistent income, interest payments are made every three months. Because the government is supporting it, the plan is risk-free. Additionally, this scheme's investment qualifies for an income tax credit under section 80C.

Who can invest in SCSS?

What does customs duty mean?

It is imperative to know whether a violation of Section 13(1) or 13(2) would result in the rejection of a partial or full exemption under Sections 11 and 12 which has been debated for a long time with regards to Section 13.

In DIT (Exemption) v. Charanjiv Charitable Trust[2], the Delhi High Court considered whether the assessee had transacted with one APIL in a manner that breached Sections 13(1)(c)(ii) and 13(3) of the IT Act.

Similar ground was covered by the High Court of Karnataka in CIT v. Fr. Mullers Charitable Institutions. A charitable trust that managed several institutions was the assessee. Some important notes can be seen here at 80 g.

A. The Income Tax Directorate (Public Relations, Printing Publications, and Official Language):-

  (a) To implement the department's advertising campaign in print, internet media, and outdoor marketing to educate people about income tax regulations and statutory deadlines.

Functions and Organization

A statutory body operating under the Central Board of Revenue Act of 1963 is the Central Board of Direct Taxes. Ex-officio Board members serve as a division of the Ministry that deals with issues pertaining to the imposition and collection of direct taxes.

(1) Classifications of Cases that the Chairman of the Central Board of Direct Taxes Must Consider

  (a) Administration planning.