Web13 Apr 2024 · Exemption on Voluntary Retirement 10(10C), Gratuity u/s 10(10), and Leave Encashment u/s 10(10AA). Amount paid or deposited in the Agniveer Corpus Fund. Interest and maturity proceeds from schemes such as Public Provident Fund (PPF) and Sukanya Samriddhi account and Life Insurance Policies remain Tax-Exempt under the New … Webinsertion of an explanation in S.10AA, whereby deduction under S.10AA is: To be allowed from total income of the taxpayer, as computed in accordance with the provisions of the …
Check if you can claim super-deduction or special rate first year ...
Web3 Dec 2024 · Recently, the Mumbai Tribunal, relying on a decision of Supreme Court, issued a landmark decision in the case of Reliance Industries Ltd, holding that the taxpayer is … WebSection 80HH and Section 10AA are similar and therefore the deduction under Section 10AA is available on commercial profits. Based on this decision, it would be interesting to … pearl river cna classes
Practical Case Study on Eligibility u/s 10AA of Income Tax Act in ...
Webput to use, not allowable as deduction under section 36(1)(iii). Accordingly, interest of ` 1,53,125 [` 50,00,000 x 10.5% x 3.5/12] has to be added back, since the same is debited to ... [No deduction under section 10AA or under Chapter VI-A allowable except u/s 80JJAA] Total Income as per section 115BAC (rounded off) Web10 Nov 2024 · Section 10 (CC) – Tax on Perquisites. An individual can receive income in the nature of a perquisite not by way of monetary payment. This perquisite income is taxable … Web7 Apr 2024 · The Learned Authorised Representative for the Appellant submitted that Section 10AA of the Act does not prescribe any specific time limit for realization of export … me and juliet musical