The death benefit would be fully exempted from tax in the hands of the nominee whatever is the amount. Moreover, the exemption would not be allowed on policy benefits received under a Keyman insurance plan, unde
You can claim the said amount paid under section 80C of the Income-tax Act.Parizad Sirwalla
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(...
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.
The GSTN (Goods and Services Tax Network) will soon allow metal scrap dealers to register for TDS (Tax Deducted at Source) under section 51 of the GST Act. View more 11th October 2024 GSTN has been enabled in four new states Odisha, Kerala, Nagaland, and Telangana, for the verification...
1. Definition of “salary”, “perquisite” and “profit in lieu of salary” (section 17) 1.1 What is salary? 1.2 What is a Perquisite? 1.3 What is profit in lieu of salary ? 2. Rates of income-tax as per Finance Act, 2022
The summons had been provided beneath Section 70 of the CGST Act, which gives powers to the tax officers to summon the individual to provide the proof and process documents. In the other cases, issues have been sent within seven days which is the response deadline for the cases concerning ...
2012. Report to Congress under Section 319 of the Fair and Accurate Credit Transactions Act of 2003Federal Trade Commission (FTC) (2012). Report to Congress under Section 319 of the Fair and Accurate Credit Transactions Act of 2003, 1-370....
the court pointed to other sections of the FTC Act that specifically “distinguish between injunctions and other forms of equitable relief.” The court reasoned that “[i]f Congress contemplated the FTC could sue for disgorgement under Section 13(b), it probably would not have required...
Under Section 12 of the Securities Exchange Act of 1934, in addition to companies whose securities are traded on a national exchange, what class of companies is subject to the SEC’s continuous disclosure system?A. Companies with assets in excess of $5 million and 300 or more shareholders. ...