Month: November 2023

The prescribed guidelines under Section 17(2) of the Income Tax Act are as follows: Rent-free

EXPENDITURE ON SCIENTIFIC RESEARCH [SEC.35] Section 35 of the Income Tax Act, 1961 allows a

The compensation received at the time of voluntary retirement or separation is exempt from income

The National Pension System (NPS) is a retirement savings scheme set up by the Government

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Zero-coupon bonds under Income Tax Act: A zero-coupon bond is a bond that does not pay

The Income Tax Act, 1961 (the Act) is the main law governing income tax in

A zero-coupon bond is a bond that does not pay interest during its term. Instead,

The discount on a coupon bond is the difference between the face value of the

Section 36(1)(iii) of the Income Tax Act, 1961 allows a deduction for the amount of