Sr. No. Chapter/ Section of the Act Particular Exemption Provided in MCA Notification A. Chapter 1, Sub-clause (viii) of clause (76) of section 2. Bare Act Language of Section:“related party”, with reference to a company, means- any company which is— (A) a holding, subsidiary or an associate company of such company; or (B) a […]
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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[…..]
