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Section 10 of Income Tax Act: Exemption Under Section 10 What is Section 10 of Income Tax Act? Section 10 of Income Tax Act, 1961 includes such income that does not form part of the total income while calculating the total tax liability of any person. These incomes are also... 1 2 ...
(2) The Central Government may, for the purpose of giving effect to the scheme made under sub-section (1), by notification in the Official Gazette, direct that any of the provisions of this Act shall not apply or shall apply with such exceptions, modifications and adaptations as may be ...
Place of Effective Management Test in the Income Tax Act, 1961: Is It the Right Way Forward? The Finance Act, 2015 amended §6(3)(ii) of the Income Tax Act, 1961 to introduce a new test for determining the residential status of companies. The new t... AP Kotha - 《Social Science ...
Missed the tax deadline? Here’s what you should do If you haven’t filed your taxes yet, don’t panic — but act fast. 4 min read Apr 19, 2022 How to file for a tax extension with the IRS Applying for more time to file your taxes is easy. Just don’t put off paying yo...
tax Act, 1961 and to draft a new direct tax law in consonance with economic needs of the country, the Government had constituted a Task Force vide Office Order of even number dated 22.11.2017, the Terms of Reference (ToR) being drafting an appropriate direct tax legislation keeping in view...
Section 192 of Income-Tax Act, 1961 deals with the Tax deducted at source from salary. TDS deducted from the salary will be ultimately reflected in your Form 16. Recently the government gave it a final nod to the proposed amendment under section 192 of Income-Tax Act, 1961 pertaining to...
UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2022-23 CIRCULAR NO. 24/2022 NEW DELHI, the 07th December, 2022 Table of Contents 1. Definition of “salary”, “perquisite” and “profit in lieu of salary” (section 17) ...
According to income tax laws,filing the Income Tax returnand updating your Income-tax Return status is obligatory for every individual or entity whose income exceeds the threshold limit mentioned in the Income Tax Act-1961. #1.Filing the return on time is the first and foremost necessity for cl...
It will replace the existing Income Tax Act, 1961 and bring all Direct Taxes under one code for providing a single tax reporting system. It has been stated that the new code is drafted by taking into account the internationally ... V Rani,RS Arora 被引量: 1发表: 2012年 ...