30 Plus Exempt Incomes in India, No need to pay Tax
Have you ever noticed that while filing your income tax return, there is an option to show exempt income? Many …
EXEMPT INCOME
I-T dept Strict on Fake Deductions and Wrong Refunds: Official
Several taxpayers have claimed refunds of as high as 75 per cent to 90 per cent of the Tax Deducted …
How to maximise your income tax refund while filing your Income Tax Return?
The last date to file your Income Tax Return (ITR) for the financial year 2022-23 is 31st July 2023. If …
Net Direct tax Collection grows upto 16%, Refunds of Rs. 42,000 crore have been issued: I-T department
The Income Tax department in tweet said the collection has touched 26.05 per cent of the total budget estimates of …
18 Most common Deductions to claim in Income Tax Return
Read Detailed explanation: https://taxupdates.cagurujiclasses.com/section-80c-detailed-explanation/#more-365 2. Section 80CCD (1B): Investments up to Rs. 50,000 in NPS (National Pension Scheme). Read Detailed …
Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â
![Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/blog-14-768x432.jpg "Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â")
Any income of a charitable institution or fund which is approved by the Principal Commissioner or Commissioner having regard to …
Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â
![Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/blog-13-768x432.jpg "Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â")
Income of any university or other educational institution existing solely for educational purposes and not for purposes of profit, and …
Exempt income of a professional association [Section 10(23A)]Â
![Exempt income of a professional association [Section 10(23A)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/blog-12-768x432.jpg "Exempt income of a professional association [Section 10(23A)]Â")
Any income (other than income from house property and income from rendering any specific service or income by way of …
Exempt Income of Local Authority in India
As per Section 2(31) Person for the purpose of Income Tax Act includes inter alia a Local Authority. Meaning: For the …
EXEMPT ALLOWANCES & PERQUISITES UNDER INCOME TAX
Death-cum-retirement gratuity received by Government servants [Section 10(10)(i)] Section 10(10)(i) grants exemption to gratuity received by Government employee (i.e., Central …
