WebHere is a list of income tax deductions for FY 2024-20 and AY 2024-21 as per various sections of the Income Tax Act, 1961: 1. Income Tax Deduction under Section 80C. This is the most crucial section for deductions for every taxpayer. The maximum exemption limit in the section is ₹1,50,000. WebApr 28, 2024 · Section 277 of the Income Tax Act,1961. False statement in verification, etc. If a person makes a statement in any verification under this Act or under any rule made thereunder, or delivers an account or statement which is false, and which he either knows or believes to be false, or does not believe to be true, he shall be punishable,-
Clarification w.e.f. 05-04-2024 on Section 192 of the Income Tax Act …
WebSep 22, 2024 · ‘Income Tax Act 1961’ is the Best Income Tax Act learning App with latest Amendments.It is a free and offline app providing detail Section-wise and Chapter-wise … WebSection: 2 (7) Section: 2 (7A) Section: 2 (8) Section: 2 (9) Section: 2 (10) Section: 2 (11) Section: 2 (12) Section: 2 (12A) Section: 2 (13) how to switch career to business analyst
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WebBefore moving on to the list of best tax-saving investments schemes, it is important to know about the key section of the Online Income Tax Act i.e. section 80C. Most forms of tax-saving investments plan work under the parameters of section 80C of the Income Tax Act. As per this section, the investments made by the investor are eligible for tax ... WebSection-wise Index of Exempted Incomes Under Section 10 Agricultural Incomes [Section 10 (1)] Any sum received by a Co-parcener from Hindu Undivided Family (H.U.F.) [Section 10 (2)] Share of Income from the Firm [Section 10 (2A)] Interest paid … WebApr 12, 2024 · Budget 2024 proposed a new provision to tax income earned from winnings from online gaming. This provision was introduced to tax such winnings from online gaming under section 194BA of the Income Tax Act, 1961 and was to come into effect from 1st July 2024. Section 194BA is applicable from 01-04-2024 instead of 01-07-2024. Also,... how to switch cameras in happy wheels