Deduction for trade unions allows exemption of property and other-source income when unions are registered under the Trade Unions Act. Deduction permits a deduction from gross total income for amounts chargeable as income from house property and income from other sources, provided those ... Summary
Deduction for trade unions allows exemption of property and other-source income when unions are registered under the Trade Unions Act.
Deduction permits a deduction from gross total income for amounts chargeable as income from house property and income from other sources, provided those amounts are included in gross total income from ordinary sources. The deduction is available only to entities that are registered unions under the Trade Unions Act, 1926, or associations of such registered unions.
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