Section 10(22B) of the Income-tax Act, 1961A V VishalEmail thisPrint this
Section 80G: Under section 80G, the donors of a section 8 company can ask for rebate of upto 50% of the donations made. Section 11: Under Section 11 of Income tax Act, Section 8 Companies are permitted deductions of expenditure from income. No minimum capital required: even...
Section 13(7.1) of the Income Tax Act requires, generally speaking, that a taxpayer reduce the capital cost of a fixed asset by the amount of government assistance received by the taxpayer with respect to the asset. In two recent ... Parsons,B Robert - 《Journal of Canadian Petroleum Techn...
Chapter XIV(Sections139to158) of the Income Tax Act 1961 deals with the provisions related to procedure for assessment. Section 143 of IT Act 1961-2022 provides for assessment. Recently, we have discussed in detailsection 142B(Faceless Inquiry or Valuation) of IT Act 1961. ...
Under the provisions of section 10(23C) of Income-tax Act, 1961 (hereafter ' Act') where the total income, of the fund or trust or institution or any university or other educational institution or any hospital or ...
DEDUCTION OF TAX AT SOURCE INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2022-2023 income-tax as per Finance Act, 2022
Under Section 80D of the Income Tax Act, taxpayers can avail tax deductions for investments made towards Health Insurance Policy. The deduction is also applicable for investments towards Central Government Health Plan, made on behalf of immediate family members. A taxpayer can claim a deduction of ...
So, the parameters for the eligibility of this rebate under section 87A of the Income Tax Act 1961 are mentioned below in steps? Step 1: To begin with, the income to be taken into consideration for the access to a rebate under section 87A is arrived at after setting off the ‘brought...
In pursuance of rules framed under section 199 of the Income Tax act, credit for tax deducted at source shall be given to the deductee for the assessment year for which such income is assessable.
Chapter 1 -- Normal Taxes and Surtaxes Subchapter A -- Determination of Tax Liability Part IV -- Credits against tax Subpart E -- Rules for computing credit for investment in certain depreciable property (a) Energy credit. (1) In general. For purposes of section 46, except as provided in...