Day: November 16, 2023

Section 36(1) of the Income Tax Act, 1961 allows a deduction for contribution made by

The employer’s contribution to the income tax National Pension System (NPS) is eligible for a

Section 36(1)(iv) of the Income Tax Act, 1961 allows an employer to claim a deduction

The tax treatment of investment income tax in the hands of an investor in India

Section 35CCC of the Income Tax Act, 1961 allows a deduction of 150% of the

The National Fund for Rural Development (NFRD) is a scheme under the Income Tax Act:,

The case laws condition for availing deduction under Section 35CCA(1)(b) of the Income Tax Act,

Section 35CCA(1)(a) of the Income Tax Act, 1961 allows a deduction of 100% of the

Land: Land is also an intangible asset and cannot be depreciated. However, the cost of improvements

Capital gains: Shareholders of the amalgamating or demerged company do not incur any capital gains