Section 80C(2)(xii) of the Income-tax Act, 1961 specifies the Immediate Annuity Plan of the ICICI Prudential life Insurance Company Limited, as approved by IRDA as the ann...
So, let’s understand the list of various exemptions under Section 10 of the Income Tax Act, 1961 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 ...
Amendment in Section 192 of the Income Tax Act, 1961 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 ...
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...
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) ...
来自 lowpollutionfuture.treasury.gov.au 喜欢 0 阅读量: 11 作者: CONTENT= 摘要: This page provides downloads to the Consolidation document Multiple Entry Consolidated Groups & Section 701-1 of the Income Tax (Transitional Provisions) Act 1997. DOI: [URI] http://lowpollutionfuture.treasury....
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,
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 ...
Amended and updated notes on assessment section 143 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962.
Chapter II(Sections4to9A) of the Income Tax Act 1961 deals with the provisions related to basis of charge. Section 9A of IT Act 1961-2023 provides for certain activities not to constitute business connection in India. Recently, we have discussed in detailsection 9(Income deemed to accrue or...