Section 10(15)(iv)(h) of the Income-tax Act, 1961 Exemption Interest on bonds/debentures Notified bonds or debentures of public sector companiesjyotiEmail thisPrint this
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...
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,
(ii)oftheprovisotosub-clause ofclause(1A)anditem(b)ofsub-clause(iii)ofclause(14)ofsection2oftheIncome-taxAct,1961(43 of1961),andinsupersessionofthenotificationoftheGovernmentofIndiaintheerstwhileMinistryof Finance(DepartmentofRevenueandInsurance)No.S.O.77(E),datedFebruary6,1973(See[1973]89 ITR...
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) ...
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 IV(Sections14to59) of the Income Tax Act 1961 deals with the provisions related to computation of total income. Section 43 of IT Act 1961-2023 provides for definitions of certain terms relevant to income from profits and gains of business or profession. ...
(3) of section 9A of the Income-tax Act, 1961 (the Act) w.e.f. 01.04.2019 to provide for payment ofremuneration by an eligible investment fund to an eligible fund manager in respect of fund management activity undertaken by him on its behalf to be...
This facility will be provided for the taxpayers under Section 80DDB of the Income Tax Act of 1961. The details about the tax deduction is provided under Chapter VIA of the Income Tax Act, 1961. It provides reduction in tax for the specified diseases for tax paying citizen and Hindu Undivid...
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...