Capital gains, dividends and interest now to be reported to Income Tax department

The income tax department will have direct access to details of capital gains, dividends received and interest earned by investors, as a Notification No. 16/2021 has been issued by the Central Board of Direct Taxes on March 12, 2021 to amend Rule 114E of Income Tax Rules. Sub-rule (5A) has been inserted.The income tax department will have direct access to details of capital gains, dividends received and interest earned by investors, as a Notification No. 16/2021 has been issued by the Central Board of Direct Taxes on March 12, 2021 to amend Rule 114E of Income Tax Rules. Sub-rule (5A) has been inserted.taxmann.com Latest ArticlesRead More

Leave a Reply