Section 80GG: This section of the Income Tax Act allows salaried individuals whodon’t receive HRAanddon’t own a housein the city where they work to claim a deduction for the rent paid. The maximum deduction you can claim under Section 80GG is thelowestof the following: ...
The government’s move would benefit a large section of the population, such as seniors who did not want to park money in tax-saving instruments and had paid off housing loans or youngsters just joining the workforce. Such people do not have substantial amounts to purchase life covers or dep...
Among these deductions are profits from partnerships that were already subject to TT at the partnership level or from partnerships not maintaining a German permanent establishment. Corporations exclusively holding and letting real estate may, under certain further requirements, benefit from the extended TT...
(ii) An individual is not liable to pay fringe benefit tax. (0) (iii) The entire amount of winning from lotteries is taxable at a special rate of income–tax. (0) (iv) Income of minor child is included in the income of his parents under the Income–tax Act, 1961 in all ca...
Tony Clement Canada's industry minister blocked BHP Billiton's proposed US$39b acquisition of Canada's PotashCorp in November 2010, arguing that the deal failed to deliver a "net benefit" to the country. The deal would have been by far the largest deal of 2010, had it been approved. ...
(viii) the value of any other fringe benefit or amenity as prescribed inRule 3. However, the following are not included as perquisite,— (i) the value of any medical treatment provided to an employee or any member of his family in any hospital maintained by...
Exemption under some of these sections is available only in respect of long-term capital gains. Therefore, please ensure that you are claiming the benefit of any of these sections correctly in accordance with the provisions of law. (iv) Item C of this Schedule computes the total of short-...
In-built Accidental Death cover under Life Plus option. Optional benefit of Waiver of Premium on Total and Permanent Disability or diagnosis of Critical Illness. Guaranteed Income: This option offers a guaranteed regular income for a fixed term of 10 or 12 years. For Single premium, the special...
It is a triple tax benefit account with tax-free funds that enter and remains tax-free by trading the account balance. It is withdrawn tax-free during qualifying medical expenditures like copays, deductibles and coinsurance. These benefits reduce your taxable income, and your unutilised HSA ...
this study represents the first to examine consumers’ reactions to an indication of the tax behavior/honesty of P2P accommodation sharing providers. Our results suggest that providers may actually benefit from signaling tax honesty. Moreover, the outlined research question also resonates with prior st...