Web506 Likes, 1 Comments - Shashank Srivastava (@thatsalariedguy) on Instagram: "Save and Share! Follow @thatsalariedguy 1. Paying Rent to Parents: You can pay rent to ... WebUnder section 16(ii) of Income Tax Act, 1961 it is entitled to deduction in tax from is salary. But in this case deduction is given to his gross salary which also includes entertainment allowance. Deduction in tax against this allowance can be divided into two parts :
[Section-15] Income under the head Salary Income Tax Act 1961
WebMay 27, 2024 · Income from House Property, Sections 22 to 27 of the Act of 1961 elucidate the computation of the total income from the properties inclusive of land and building, which the concerned person owns. The revenue under this head is chargeable only when the property has let out or rent i.e. only the rental income is taxable. WebJan 11, 2024 · While calculating the tax liability of an individual, there are certain income sources that do not form a part of the total income. Section 10 of the Income Tax Act … brian carl johansen goshen indiana
Understanding Section 89(1) of Income Tax Act, 1961: Additional ...
WebApr 3, 2024 · In conclusion, Section 89 (1) of the Income Tax Act, 1961 is a beneficial provision that provides relief to employees who receive arrears or advance salary in a financial year, which pertains to a previous financial year. Taxpayers should ensure that they comply with all the conditions and file Form 10E to claim the relief and reduce their tax ... WebMake sure credits to a family member or friend does not becoming a headache. - Point Date: Yana 31, 2013 WebApr 13, 2024 · Deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961. Circular No. 04 of 2024 issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, clarifies the procedure for deducting tax at source (TDS) under section 192 read with sub-section (1A) of section … coupon codes for currys pc world