Section 89 (1) & Form 10E for Tax Relief on Arrears of Salary
Section 89 (1) of Income Tax Act provides some tax relief on arrears of salary. Basically section 89(1) introduced to resolve the issue of paying higher tax in the year in w…
Section 89 (1) of Income Tax Act provides some tax relief on arrears of salary. Basically section 89(1) introduced to resolve the issue of paying higher tax in the year in w…
Section 80GG of Income Tax Act provides tax saving in the form of “ deduction for rent paid ” from gross total income if a person is residing in a rental house and paying th…
Section 115JB of Income Tax Act introduced for companies to resolve the problem of huge difference in profits shown in books of Accounts and profit for Income Tax Purpose.
Section 115BBE of Income Tax Act covers all undisclosed / unexplained income on which tax is not paid, which if found by the Assessing officer then he may treat such income …