CIRCULAR No. On July 2, the Finance Minister tweeted an undated and unsigned letter calling it the "response of the armed forces on the issue of taxability of disability pension”. Click Here For Best Books On Taxation & Law. Finance Minister Nirmala Sitharaman's office had tweeted a letter, saying ineligible personnel had gained from the disability benefits provided by the government to soldiers. Rule 10DB(4), CBDT Extends Due Date For E-Payment Of TDS And TCS, Imp CBDT Circular Clarifies Law On Set-Off Of Losses & MAT Credit Under Newly Inserted S. 115BAA, The Finance Bill, 2021: Conceptual Issues & Constitutional Challenges, Top Tax Pros Object To The Proposed ITAT Faceless Appeal Scheme, Make Representations, Download Finance Bill 2021 And Allied Documents, Separate Benches Of The Hon’ble Supreme Court: Effective & Efficient Justice To The Common Man, Mr. Malladi Srinivasa Rao, Tax Practitioner, Elected National President of AIFTP for 2021, Sr. “To stop this, a clarificatory circular was issued. of Revenue, Central Board of Direct Taxes F.No. "To stop this, a clarificatory circular was issued. Æ2Ù!Ó5éTUU[‰ïטDah²¡.ÝößùÜ»‰=±ð#|iâlÃj•ó_BíïÆA^ú:0hž?F(±Ã °‹PV0ô¨ú÷Pªnæj±+f÷ÈÍl»MEí€pn¥´^4zŠ&Ÿ4"*y‡)º82KlÞÉ. 13 /2019 dated 24th June 2019 in which it has clarified the law relating to exemption of service element and disability clement of disability pension granted to disabled personnel of armed forces who have been invalided on account of disability attributable to or aggravated by such service. In view of the directions of the Hon’ble Supreme Court, PCDA(P), Allahabad may be advised to issue a Circular to the Pension Disbursing Agencies not to make recovery of the Income Tax on disability pension as per CBDT circular No. CBDT has issued a Circular on TDS from Salary under 192 for AY 2021-22 (FY 2020-21) vide Circular No. The Central Board of Direct Taxes (CBDT), which frames policy for the Income Tax Department, had issued circular no 13 of 2019 stating "such tax exemption will be available only to armed forces personnel who have been invalidated from service on account of bodily disability attributable to or aggravated by such service and not to personnel who have been retired on superannuation or otherwise." Explore more on Disability Pension. Accordingly, in order to provide clarity, the Central Board of Direct Taxes (CBDT) had issued Circular No 11, dated 8 May 2020, providing relief to individuals who came to India on a visit before 22 March 2020 and could not leave or depart on or before 31 March 2020, due to the COVID-19 pandemic and related travel restrictions. The CBDT has issued Circular No. F. No. 13/2019 F. No. 210 No. The CBDT Circular: The CBDT has recently issued a circular stating that Income Tax Exemption on disability pension would only be allowed to those disabled personnel who are invalided from military service and not to those who are released on completion of tenure or superannuation. Subject : Exemption of service element and disability element of disability pension granted to disabled personnel of armed forces who have been invalided on account of disability attributable to or aggravated by such service-reg. Central Board of Direct Taxes North Block, New Delhi. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. The latest circular which clarified the eligibility for availing disability pension by armed forces personnel was issued after data analytics found that the provision meant for the needy was being misused, the CBDT chairman has said. of India, Min. The latest circular which clarified the eligibility for availing disability pension by armed forces personnel was issued after data analytics found that the provision meant for the needy was being misused, the CBDT chairman has said. Circulars. The latest circular which clarified the eligibility for availing disability pension by armed forces personnel was issued ... CBDT chief P.C. Circular No. Data analytics showed disability pension benefits misused: CBDT Chairman 07 Jul, 2019, 02.22 PM IST. OTHER ISSUES ARISING OUT OF THE CBDT CIRCULAR While the CBDT circular deals with the withdrawal of exemption of IT on disability pension, its justification by the office of the Finance Minister by putting out an undated and unsigned note from the Army Headquarter in the public domain has led much debate and is a cause of concern. Yes, although there is nothing in section 10 of the Income Tax Act , which is a general exemption section under Income tax Act , the disability pension has been made tax free through Finance Ministry notification No 878-F (Income Tax) dated 21-3-1922 . 2/2021 : Residential status of certain individuals under Income-tax Act, 1961 !New 3 March 2021, ,. It was based on a June 2019 notification of the Central Board of Direct Taxes (CBDT) which provided exemption to those invalidated from service due to 3/2021 : - 4 March 2021. Upto 60% Off On Select Titles. On average for the same rank, a disability pension can be 20 to 50% more than a normal one, plus tax exemption. 2/2021 : - 3 March 2021. 173/250/2019-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes. The Central Board of Direct Taxes (CBDT) had in June last year issued a circular in which it had opined that disability pensions of soldiers who … Taking to PTI, CBDT Chief PC Mody said the circular issued on June 24 was not a new directive but only in clarification to the stated policy. 1274 Record (s) | Page [1 of 128] Modify Search.
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