Section 10(39) of the Income-tax Act, 1961 Exemptions NotifirajivEmail thisPrint this
Section 9A(3) of Income Tax Act The eligible investment fund referred to in sub-section (1), means a fund established or incorporated or registered outside India, which collects funds from its members for investing it for their benefit and fulfils the following conditions, namely:— ...
Section 80EEA(5) of Income Tax Act For the purposes of this section,— (a) the expression “financial institution” shall have the meaning assigned to it in clause (a) of sub-section (5) ofsection 80EE; (b) the expression “stamp duty value” means value adopted or assessed or assess...
所得税法第1章(Section 1 of the Income Tax of Act , ITA): 联邦财政法第26章 (Section 26 of the Federal Fiscal Code, FFC): 根据所得税法第1章的内容,在奥地利拥有住所(domicile)或习惯性居所(habitual abode)的个人负有无限纳税义务,也因此须被视为奥地利税收居民。 “住所”指个人有一个居住的地方,...
There was a great need and importance for introducing the provisions of section 68 under the income tax act, 1961 to safeguard and protect the interest of revenue, as assessee was engaged in harmful tax practices to evade tax in the form of Black Money,
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...
Clubbing of Income as the term suggests, means adding the income of another person to the income of the person who is paying the tax. This term is explained under Section 64 of the Income Tax Act. Though, there are certain restrictions to a specified person and to the specified scenarios ...
1. Definition of “salary”, “perquisite” and “profit in lieu of salary” (section 17) 1.1 What is salary? 1.2 What is a Perquisite? 1.3 What is profit in lieu of salary ? 2. Rates of income-tax as per Finance Act, 2022
Income-taxAct,1961:Notificationunderundersection2(1A)(c),poviso,clause(ii)(B)and section2(14)(iii)(b);Urbanisationofareas WhereasadraftnotificationwaspublishedbytheCentralGovernmentinexerciseofthepowersconferred byitem(B)ofclause(ii)oftheprovisotosub-clause(c)ofclause(1A),anditem(b)ofsub-clause(...
The amount furnished in the deposit account or some specified account to utilize the amount for the particular period is permitted as a deduction under section 33AB. Beneath section 33AB of the Income Tax Act, the deduction is open to taxpayers who are engaged in businesses in India like ...