Web23 hours ago · c. Actual rent paid less 10% of basic salary + DA. The Chapter VI A of Income Tax Act contains the following sections: Section 80C of the Income Tax Act, 1961, provides various deductions from the taxable income of an individual or Hindu Undivided Family (HUF). The deductions allowed under section 80C are as follows: Web20 Dec 2024 · Section 10 (10D) of the Income Tax Act 1961 is an important provision that deals with the taxation of life insurance policies. This section was introduced in the Finance Act 2003 and has undergone several amendments since then. The main objective of Section 10 (10D) is to provide tax benefits to policyholders who purchase life insurance ...

Section 10 26 of Income Tax Act: Everything you Need to …

WebSection 10 of the Income Tax Act aims at putting forward all the exemptions a salaried professional can get while paying income tax. While this section hardly includes the word … Web8 Feb 2024 · Section 10(26) of Income Tax Act: Conditions. Three prerequisites must be met before this exemption may be granted. A member of a “Scheduled Tribe” is required. … inheriting a mattress

Tax Alert Delivering clarity - Deloitte

Web6 Jun 2024 · Income of Investor Protection Fund set by a depository [Section 10 (23ED)] Any income, by way of contributions received from a depository, of notified Investor Protection … Web2 Feb 2024 · Section 10AA is a deduction under the Income Tax Act, 1961, available to enterprises located in the Special Economic Zone, deriving profits or gains through export of goods/articles/services. WebApplicability of exemption under section 10(23FB) of Income-tax Act; section 10(23FB) and 10(35) are independent The Mumbai Bench of the Income-tax Appellate Tribunal rendered its decision exemption under sections 10(23FB) and 10(35) of the Income-tax Act, 1961 operate in different fields and are independent of each other. mlb lockout 2022 issues