#incometaxlaws

Sanskar Garg

Aug 10, 2022
2 min

Topic: Sec 33ABA of Income Tax Act, 1961: Site Restoration Fund

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation The Site Restoration Fund Section 33ABA...

Sanskar Garg

Aug 10, 2022
2 min

Sec 33AB of Income Tax Act, 1961: Development account of Tea, Coffee and Rubber

#incometax #incometaxlaws #deduction #section33 #rebate #incometaxact1961 #taxation #taxlaws An amount deposited into a ‘Deposit Account’...

Sanskar Garg

Aug 10, 2022
2 min

Sec 33 of Income Tax Act, 1961: Development allowances

#incometax #incometaxlaws #deduction #section33 #rebate #incometaxact1961 #taxation #taxlaws Development allowance, defined under section...

Sanskar Garg

Aug 10, 2022
2 min

Sec 33 of Income Tax Act, 1961: Development rebate

#incometax #incometaxlaws #deduction #section33 #rebate #incometaxact1961 #taxation #developmentrebate The development rebate is in...

Sanskar Garg

Aug 9, 2022
2 min

Sec 32AD of Income Tax Act, 1961: Investment in new plant or machinery in backward areas in states.

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation A legal foundation for investments in new...

Sanskar Garg

Aug 9, 2022
1 min

Sec 80CCF of Income Tax Act, 1961: Deduction in respect of subscription to long-term infrastructure

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation Deduction under section 80CCF of the...

Sanskar Garg

Aug 9, 2022
1 min

Sec 80CCE of Income Tax Act, 1961: Limit on deductions under sections 80C, 80CCC and 80CCD.

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation The total of all deductions under sections...

Sanskar Garg

Aug 9, 2022
2 min

Sec 80CCD of Income Tax Act, 1961: Deduction in respect of contribution to pension schemes.

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation Employees can contribute to Government...

Sanskar Garg

Aug 9, 2022
2 min

Sec 80CCC of Income Tax Act, 1961: Deduction in respect of contribution to certain pension funds.

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation Individuals may claim tax deductions for...

Sanskar Garg

Aug 9, 2022
2 min

Sec 80CCB of Income Tax Act, 1961: Deduction in respect of investment under Equity Linked Saving.

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation Deduction against investment made under...

Sanskar Garg

Aug 9, 2022
2 min

Sec 80CCA of Income Tax Act, 1961: Deduction in respect of deposits under National Savings Scheme

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation Section 80CCA deals with provisions...

Sanskar Garg

Aug 8, 2022
4 min

Sec 80C of Income Tax Act, 1961: Understanding deductions under sec 80C

#incometax #incometaxlaws #deduction #section80C #specialcompanies #incometaxact1961 #taxation Savings in certain types of investments...

Sanskar Garg

Aug 8, 2022
2 min

Sec 80B of Income Tax Act, 1961: Definitions

#incometax #incometaxlaws #setoff #carryforwards #specialcompanies #incometaxact1961 #taxation A deduction is an expense that can be...

Sanskar Garg

Aug 7, 2022
1 min

Sec 80AC of Income Tax Act, 1961: Deduction not to be allowed unless return furnished.

#incometax #incometaxlaws #setoff #carryforwards #specialcompanies #incometaxact1961 #taxation A deduction is an expense that can be...

Sanskar Garg

Aug 7, 2022
1 min

Sec 80AB of Income Tax Act, 1961: Deductions to be made with reference to the income included in the

#incometax #incometaxlaws #setoff #carryforwards #specialcompanies #incometaxact1961 #taxation A deduction is an expense that can be...

Sanskar Garg

Jul 30, 2022
2 min

Sec 80A of Income Tax Act, 1961: Deductions to be made in computing total income

#incometax #incometaxlaws #setoff #carryforwards #specialcompanies #incometaxact1961 #taxation A deduction is an expense that can be...

Sanskar Garg

Jul 30, 2022
2 min

Sec 80 of Income Tax Act, 1961: Carry forward and set off of losses in case of certain companies

#incometax #incometaxlaws #setoff #carryforwards #specialcompanies #incometaxact1961 #taxation The Income Tax Act of 1961's Section 80...

Sanskar Garg

Jul 29, 2022
3 min

Sec 79 of Income Tax Act, 1961: Carry forward and set off of losses in case of certain companies

#incometax #incometaxlaws #setoff #carryforwards #specialcompanies #incometaxact1961 #taxation The Income Tax Law does recognize that in...