Life Insurance Tax Benefit-in India

Life insurance is such a contract between an insurance policy holder and an insurer or assurer company, where the insurer promises to pay a designated beneficiary or a sum of money upon the death of an insured person. According to the mode of the contract, other events such as terminal illness or critical illness can … Read more

TDS MCQ question with Answer pdf

TDS MCQ question with Answer pdf 1) The rate of TDS on rental payments of plant, machinery or equipment is:a. 2%b. 5%c. 10%d. 20% 2) The rate of TDS on interest on securities other than government securities is:a. 5%b. 10%c. 20%d. 15% 3) Any person responsible for paying to a resident any sum exceeding rs. … Read more

Section 80G of the Income Tax act

Section 80G of the Income Tax act Contributions made to some relief funds and charitable institutions TRUST and NGO can be claimed as a deduction under Section 80G of the Income Tax Act. However all donations are not eligible for deductions under section 80G. Only Donations made to certain prescribed funds  may qualify as a … Read more

Messi Net Worth – Income Tax

 Messi Net Worth – Income Tax – The World’s Highest Paid Footballer Welcome to our new interesting article about the world great athlete footballer, social media influencer, celebrity, Barcelona star Lionel Messi. For details and deep knowledge , you must read the article “Messi net worth– income tax- the world’s highest paid footballer” till the … Read more

Income From House Property Notes – Inocme TaxPe

  Income From House Property Notes The person must have to pay tax if he/she is eligible under the head of income from house property. It is the income from building and lands. The income arising from house property either in the form of a rental income or on its transfer is referred to as ‘income from … Read more

Computation of taxable Income from Salary – Income Tax

Computation of taxable Income from Salary Computation of taxable income are categories under various heads:-  As per section 14, all income has been classified under the following 5 heads 1.     Income from Salary (Section) [5 to 17] 2.      Income from house property[section 22 to 27] 3.      Profits and gains of business and profession [section … Read more