If the employee has claimed tax relief under Section 89 of the Income Tax Act, 1961 for the voluntary retirement compensation received, the exemption under Section 10 (10C) would not be allowed. Similarly, if the employee has claimed an exemption under this Section on the compensation received,...
CHATRIABLE AND PHILANTHROPIC TRUST (Study with Reference to Section 11, 12, 13, 13A, and 13AA of Income Tax Act 1961)IntroductionThere is always a need to supplement the Governmental efforts in various areas of welfare measure. Such a need arises not only because of lack of resources at ...
17:13A-1. Application of act This act applies to advertisements made in connection with loans which are payable in installments and upon which interest is (a) received in advance, or (b) is added to the amount of the loan, so that the amount to be repaid, as stated in the instrument...
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