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...
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...
2. Rates of income-tax as per Finance Act, 2022 2.1 Rates of tax 2.2 Surcharge on Income-tax 2.3 Health and Education Cess 2.4 Concessional Rates of Tax u/s 115BAC 3. Section 192 of the Income-tax Act, 1961: Broad scheme of Tax Deduction at Source from...
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 ...
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.
Section 9A(1) of Income Tax Act Notwithstanding anything contained in sub-section (1) ofsection 9and subject to the provisions of this section, in the case of an eligible investment fund, the fund management activity carried out through an eligible fund manager acting on behalf of such fund...
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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...
Dear Sir Madam One of my client had filed IT Return u s 44AD for A Y 2023 24 Now for A Y 2024 25 Shall he eligible to file U s 44AB is there any problem Please guide me in this regard Thanks in Advance
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(...