If you choose to fly home from Italy, you may store your luggage at the villa ... travels, you may go back to the villa, pick up your luggage and fly out of Italy. ...
Section 54 of the Income Tax Act applicable only to the Individual/HUF’s who transferred a long-term capital asset, other than a Residential house. to Claim section 54 exemption
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Forms of Business Organisation By- Rahul Jain Forms of Business Organisation Sole Proprietorship HUF Partnerships Private Companies Public companies Co-operative ...
The existing provisions contained in the said section (applicable to individual, HUF or partnership firm) provides that notwithstanding anything to the contrary contained in section 28 to 43C
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Saving pro year. Result [GWh/a] Growth [GWh/a] Result [PJ/a] ... Euro/a. Estimated return of the investment 10 years. 2.295-2.870 Mrd. HUF/a. 9,2-11,5 Mrd. ...
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Tax benefit under Section 80C allows individuals and HUFs to claim a tax deduction of up to Rs 1,50,000 from their gross total income for certain investments and payments. Tax benefit under section 80 C helps to claim benefits up to 1.5 lakh. Learn more about income tax benefits under section 80C as per the income tax act, 1961. Check here.
Income Tax Return (ITR) is a form in which the taxpayers file information about his income earned and tax applicable to the income tax department. The department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 till date. Every taxpayer should file his ITR on or before the specified due date. The applicability of ITR forms varies depending on the sources of income of the taxpayer, the amount of the income earned and the category the taxpayer belongs to like individuals, HUF, company, etc.
Sec. 194A: Interest other than Interest on Securities Who is liable to deduct tax? The person (other than an Individual or HUF) who is responsible for paying to a ...
Filing income tax returns is not only a legal requirement but also a vital responsibility for every taxpayer. At Regilances, we understand the complexities and time-consuming nature of the process.
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The Central Board of Direct Taxes (CBDT) has introduced new Income Tax Returns for the financial year 2024, impacting individuals and other assessees. This article delves into the noteworthy modifications across various
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Section 80D of Income Tax Act allows deductions for the money spent on Health Care and premiums for Health Insurance or medical insurance plans and policies.
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Significant Beneficial Ownership (SBO) rules are a crucial aspect of corporate governance, ensuring transparency in the ownership structure of companies. Under Section 90 of the Companies Act, 2013, individuals holding a significant stake in a company must declare their beneficial ownership.
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As the slab rates are not fixed we have provided the Income Tax calculator for each Assessment/ Financial year separately. Get complete details about Income Tax Slab Rates for AY 2016-17.
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Deductions Basic Rule The aggregate amount of deductions under sections 80C to 80U cannot exceed the Gross Total Income Investment in Infrastructure Bonds u/s 80CCF ...
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WEALTH TAX ACT,1957 * * * * * * * * * * * * * * * What Is Debt? Debts owed are interpretable to mean the liability to pay a certain amount of money either in present ...
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Your savings in Life Insurance not only provide protection to you and your family; they also help you reduce your tax liability. Tax Slabs This explains how the various tax brackets work and how much tax relief we are all eligible for. The new tax structure was initiated on 1st April 2014.
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The Income Tax Department has announced forms for filing I-T returns for the 2020-21 fiscal year, which is a significant development in the field of taxation. In spite of the ongoing COVID pandemic and to make it easier for taxpayers, no major changes to the ITR Forms have been made in relation to last year's ITR Forms. Only the bare minimum reforms were introduced as a result of revisions to the Income-tax Act of 1961.