The chart given below describes the deductions allowable under chapter VIA of the I.T. Act from the gross total income of the assessees having income from salaries The following investments/payments are inter alia eligible for deduction u/s 80C:- NATURE OF INVESTMENT REMARKS Life Insurance Premium – in case of individual, on life of […]
We have analyzed some provisions of Finance Bill 2015 which are special one but not circulated in our general messages since budget. The same has been divided into provisions related to Appellate Proceedings, International Taxation and general. Appellate Proceedings: The income-limit of the cases that may be decided by single member bench of[…..]
It seems that the government’s floor managers, led by Hon’ble Finance Minister Arun Jaitley, have reached out to Opposition parties for securing their support for passing bills to replace various ordinances, issued by the government recently, in the budget session of Parliament that begins on February 23.The 49 per cent cap would include both FDI[…..]
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