Section 11 Exemption Intact: Only Non-Compliant Investments Face Maximum Tax Rate, Rest of Income Unaffected.

Section 11 Exemption Intact: Only Non-Compliant Investments Face Maximum Tax Rate, Rest of Income Unaffected. https://www.taxtmi.com/highlights?id=33814 The benefit of exemption u/s. 11 of the Act would not be denied on the entire income of the assessee. It is only the investments or deposits made in violation of provisions of section 11(5) of the Act that would attract maximum marginal rate of tax as per the provisions of law. - AT en-us Fri, 17 Mar 2017 11:17:16 +0530 Fri, 17 Mar 2017 11:17:16 +0530 TaxTMI RSS Generator Section 11 Exemption Intact: Only Non-Compliant Investments Face Maximum Tax Rate, Rest of Income Unaffected. https://www.taxtmi.com/highlights?id=33814 The benefit of exemption u/s. 11 of the Act would not be denied on the entire income of the assessee. It is only the investments or deposits made in violation of provisions of section 11(5) of the Act that would attract maximum marginal rate of tax as per the provisions of law. - AT Highlights Income Tax Fri, 17 Mar 2017 11:17:16 +0530 https://www.taxtmi.com/highlights?id=33814