Section 50C and 56(2)(vii)of the e Tax Act<br/>Section 50C of the e Tax Act, 1961 (the Act)<br/> <br/>History and brief background of the evolution of Section 50C <br/>Under the Act of 1922 , first proviso to Section 12B(2) entitled the Assess
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Individuals or HUFs can claim an exemption under Section 80DD of the Income Tax Act for a disabled person who is wholly dependent on the Individual/HUF for support and services. Points To Remember Section 80DD Provides a deduction for the medical treatment. Eligibility Reside...
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) 1.1 What i...
Tax Collected at Source (TCS) was originally introduced under Section 206C of the Income Tax Act, 1961. It was applicable on the sale of specific goods and on transactions between specific entities as defined by the act. In the past year, the Government of India introduced new...
Section 194Q of the Income Tax Act is recently introduced vide the Finance Act, 2021. Under section 194Q “It is provided for TDS by the person responsible for paying any sum to any resident for purchase of goods. The rate of TDS is kept very low at 0.1%. The ta...
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...
Short Form ,o,9.,90'EZ Returnof OrganizatioEn xemptFromIncomeTax Under section 501(c), 527, or 4947(all1lof the Internal Revenue Code ) soonsoori,noo"ni,"t(i?X"""3lfi?:i::lgi."fgfi,llJl'i'JffTfi:Hl*:,T,"'aJlssderiniensdection Depadment of the Treasury lnternalRevenue...
英语翻译This notice constitutes the certificate required the Income Tax Section 44 of the Income Tax Act and should be carefully preserved as only this original wil be accepted by the income tax authorities in connection with any claim for allowa
If the corporation is or intends to become a registered charity under the Income Tax Act, it is strongly recommended that the Charities Directorate of the... Government of Canada, Industry Canada, National Capital Region, Office of the Deputy Minister, Small Business and Marketplace Services, Cor...