Exemption under Section 10 (1) on agricultural income If you earn any type of agricultural income in a financial year, such an income would be exempted from tax. Agricultural income, as defined under Section 2 (1A) of the Income Tax Act, 1961, would include the following types of incomes...
Section 10(39) of the Income-tax Act, 1961 Exemptions NotifirajivEmail thisPrint this
Section 80EEA of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules, 1962. Deduction of interest on house property loan.
This research paper, by means of a case study, evaluated whether the foreign employment income tax exemption threshold in section 10(1)(o)(ii) of the Income Tax Act achieved its objectives: first, limiting the impact of the amendment to ... K Sebashe,HL Erasmus,MM Erasmus - 《South Afri...
Activities not to constitute business connection in India. Section 9A of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rule.
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.
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
(iii)of clause(14),ofsection2oftheIncome-taxAct,1961(43of1961),intheGazetteofIndia,Extraordinary, PartII,section3,sub-section(ii),datedFebruary13,1991,underthenotificationoftheGovernmentof IndiaintheMinistryofFinance(DepartmentofRevenue)No.S.O.91(E),datedFebruary8,1991,for specifyingcertainareas...