Web12 Apr 2024 · In India, section 13A of Income Tax Act, 1961 requires political parties to file returns. It confers tax-exemption to a registered political party subject to the following: 1. … WebSection 13A of Income Tax Act, 1961. Public Political Party for the purpose of Section 13A is a political party which is registered under Section 29A of the Representation of the People Act, 1951. Dated: 03 June, 2011. Section 13A has given 100% exemption to political parties on its income from house property, income from other sources, capital ...
House Rent Allowance (HRA) – Deduction & Tax Exemption - ET …
Web22 Jan 2024 · Section 38 of the Income Tax Act deals with the deductions related to buildings, etc., partly used for business, etc., or not exclusively so used. The provisions contained in this section provides in summarized in two parts: 1. Deductions with respect to premises used for the purpose of business or profession which is also partly used by the ... Web2 Oct 2024 · Section 13A – a little-known way to get Council Tax written off Councils in England and Wales can reduce or write off your council tax under Section 13A (1) (c) of … cttag
Amendment of section 13A - incometaxindia.gov.in
Web6 Feb 2024 · The Income Tax Appellate Tribunal (ITAT), Kolkata Bench in the case of Sudip Rungta vs. DCIT while relying upon the precedent held that ‘performance bonus’ does not constitute a part of ‘salary’ and hence the exemption for House Rent Allowance was granted to the assessee.. The assessor submitted Form 16 to the Assessing Officer (AO) in order … Web“basic rate” has the meaning given by the Income Tax Act 2007; “the benefit Acts” means the SSCBA, the Jobseekers Act 1995, the State Pension Credit ... as the authority thinks fit under section 13A(1)(c) of the 1992 Act; (h) any amount to be disregarded by virtue of paragraph 6 of Schedule 4. (3) Paragraphs 16 to 29 of this Schedule do ... Web2 days ago · The old tax regime also allows salaried taxpayers to claim deduction under Section 10 (13A) of the Income-tax Act, 1961. The HRA is calculated on the basis of … marco\u0027s pizza ocoee