Month: November 2023

Section 35AC of the Income Tax Act, 1961 allows a deduction of the amount of

Section 35(1)(ii) of the Income Tax Act, 1961 allows a deduction of 150% of the

Section 35 of the Income Tax Act, 1961 allows a deduction for expenditure incurred on

If you transfer a newly acquired asset within 8 years, you may have to pay

State and local taxes Under income tax act You cannot deduct state and local taxes

The amount of deduction under income tax depends on the section under which you are

The consequences of closing a business under the Income  tax act1961 will depend on the

The amount that can be withdrawn for the purpose of the scheme under Section 33ABAunder

Section 33ABA of the Income Tax Act, 1961 provides for a deduction for the amount

Section 35(2AA) of the Income Tax Act, 1961, provides for a deduction on expenditure incurred