Web1 day ago · This section was introduced by the Finance Act, 2024, and is applicable from 1st April 2024. The notice under section 148A can be issued by the AO if they have reason to … Web10 Apr 2024 · Section 10 of the Income Tax Act, of 1961 mentions certain types of income that are exempted from income tax. ... 11. Exemption to Gratuity. Gratuity received by the central and state government servants, and local authorities are exempted from tax as per Section 10(10)(i) of the Act. The exemption is also available to non-governmental ...
Exemption for amount received from Statutory
Web10 Apr 2024 · The rectification sought u/s 154 of the Act to the intimation, being rejected both by the AO and the ld.CIT (A). As transpires, the assessee had filed return of income for the impugned assessment year i.e.Asst.Year 2014-15, disclosing income from salary of Rs.34,07,604/- and the tax payable on the same being Rs.8,77,664/- against which he had ... 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 … killer bean creator
Section 9 of Income Tax Act, 1961 - Income Deemed to
WebSection 10 (10D) of Income Tax. Under Section 10 (10D) of the Income Tax Act, the amount invested and the amount received as proceeds from Life Insurance is exempt from Income Tax. Thus, any sum received on maturity of a life insurance policy or death benefits is tax-free. Also, Life Insurance is not subjected to T DS (Tax Deducted at Source ... Web27 Jun 2024 · As per Section 10(1) of the Income Tax Act, 1961, agriculture incomes are those incomes which are not included while calculating the total income of the assesses. … Web21 Jan 2024 · This articles deliver print out relatives protected Section 56(2)(VII) of the Income Tax Act,1961. As per Section 56(2)(VII) when any talent receives off relativist which are covered under following list will be exempt inbound the hands of receiver. killer bean cheat