Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
RATES OF INCOME-TAX for the PY 2022-23 i.e. AY 2023-24 [As per previous year Budget and comparison with Budget 2023 proposals] - Notes In the new tax regime increase the tax slab and omitted 25% rate of tax as well as reduce surcharge rate from 37% to 25% for new tax regime, and allowed deduction Standard Deduction , Family pension deduction , Contribution to Agniveer corpus Fund u/s 80CCH, Rebate u/s 87A now upto 25000/-, that means not tax liability upto total income 7 lakhs.
RATES OF INCOME-TAX for the PY 2022-23 i.e. AY 2023-24 [As per previous year Budget and comparison with Budget 2023 proposals] - Notes In the new tax regime increase the tax slab and omitted 25% rate of tax as well as reduce surcharge rate from 37% to 25% for new tax regime, and allowed deduction Standard Deduction , Family pension deduction , Contribution to Agniveer corpus Fund u/s 80CCH, Rebate u/s 87A now upto 25000/-, that means not tax liability upto total income 7 lakhs.
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