Deductions from total income under sections 80C to 80U of the Income Tax Act of
SPECIAL PROVISIONS IN RESPECT OF NEWELY ESTABLISHED HUNDRED PER CENT EXPORT – ORIENTED UNNDERTAKINGS [ SEC.10B]
Section 10B of the Income Tax Act, 1961 (the Act) provides special provisions for newly
CLARIFICATION FROM BOARD
A clarification of board under Income Tax is an official statement issued by the Central
CONSEQUENCES OF CLAIMING DEDUCTION UNDER SECTION 10AA
Claiming deductions under Section 10AA of the Income Tax Act, 1961 (IT Act) provides significant
CONSEQUENCES FOR MERGER AND DEMERGER
Merger: The merged entity is considered to be the successor of all the merging
DEDUCTIONS FOR ELEVENTH ASSESMENT YEAR TO FIFTEENTH ASSESMENT YEAR
Section 80C Life insurance premiums paid for self, spouse, and dependent children (up to RS.. 25,000) Life insurance
DEDUCTION FOR FIRST FIVE ASSESMENT YEAR TO TENTH ASSESMENT YEAR
Section 80C: Deduction for investment in certain specified instruments, such as Life Insurance Premium, Public Provident Fund (PPF), National
SPECIAL PROVISIONS IN RESPECT OF NEWELY ESTABLISHED UNITS IN SPECIAL ECONOMIC ZONE [SEC.10AA]
Section 10AA of the Income Tax Act, 1961 provides special provisions in respect of newly
AMOUNT OF DEDUCTION- SPECIAL PROVISION
The amount of deduction that can be claimed under special provisions of the Income Tax
PERIOD OF DEDUCTIONS
The period of deductions under income tax in India is generally the financial year (FY)