Exempt Income Items & its section: INCOME TAX

   Exempt Income Items & its section Section                                              Particulars 10(1)                   Agricultural income. 10(2)                     Share received by the member from the Income of HUF. 10(2A)                  Share of profit of a partner in the Income of a firm. 10(4)                     (i) Interest on Notified Securities & Bonds held by a NR.     (ii) Interest … Read more

New Income Tax Slab Rate for A.Y. 2021-22

  New Income Tax Slab rate for a.y. 2021-22 Income Tax Slab play a very important role in the context of income tax payment. Income tax is paid by the general public to the government which is use for the development or betterment of the society. Where the income is categorized into different types of groups on the basis … Read more

Concept of Income Tax in India & Its Features: Income TaxPe

Concept of Income Tax in India & Its Features:- Tax is a compulsory extraction by the central govt. From the general public, organization, Hindu undivided family, AOP, BOI, artificial juridical person. Etc. (केंद्रीय सरकार द्वारा कर एक अनिवार्य निकासी है। आम जनता, संगठन, हिंदू अविभाजित परिवार, AOP, BOI, कृत्रिम न्यायिक व्यक्तियों से। आदि।) It is a … Read more