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Tag Archives: Tax Benefits

How LIC schemes helpful in Income Tax?

How LIC schemes helpful in Income Tax

How LIC schemes helpful in Income Tax?, This article is for the various exemptions available to the assessee while investing in the securities of the LIC. Life Insurance Corporation is the only source where the deductions under the Income tax are available which are beneficial from both the side. These expenses have been given exemption and the sum received as a …

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Section 80GGA Deduction for Donation For Scientific Research

Section 80GGA CAknowledge

Section 80GGA Deduction for Donation For Scientific Research, Detailed Analysis of Section 80 GGA, We all know that Section 80G provides a comprehensive list of deductions available for donations. Here, let us do a detailed analysis of Section 80GGA that is Deduction in respect of Donations for Scientific Research & Rural Development. Now you can scroll down below n check more …

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House Rent Allowance HRA and HRA Calculation

House Rent Allowance (HRA) - Complete Details

House Rent Allowance HRA and HRA Calculation. Hi Friends here we are providing full details of HRA Like – What is HRA, Aspects to be considered in calculation of HRA, Calculation of HRA, Conditions for HRA Calculation, Home loan benefit and HRA simultaneously etc. Recently we provide Complete details for “Is deduction allowed for stamp duty & registration charges?”.  Now you can …

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List of Exemptions available to Non Residents

List of Exemptions available to Non Residents

List of Exemptions available to Non Residents, Check Provisions relating to Exemptions available to Non residents, After Providing “List of All Incomes Exempt from Income Tax” Here we are providing complete list for Exemptions available to Non residents. Check complete list from below….. List of Exemptions available to Non Residents Section Type of Income / Particulars Exemption available to 10(4)(i) Interest on bonds or securities …

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List of All Incomes Exempted from Income Tax

List of all Incomes Exempt From Income Tax

List of All Incomes Exempted from Income Tax. Find Full List of All Incomes who Completely Exempt From Income Tax. Hi Friends After Providing Latest Income Tax Slab Rates for A.Y 2016-17, Today we Provide Complete List of all incomes Exempt From Income Tax. Like Agriculture Income Completely Exempt under Sec 10(1) Etc. This list is Very useful for all …

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Section 80IA – Deductions of post business expenses

Chapter VIA List of All Deductions at a Glance

Section 80IA – Deductions of post business expenses. Deduction Under Section 80IA, Income Tax Act 1961. All you want to know about section 80IA, Section 80IA is profit based deduction, which actually goes on to exempting the profits generated by a specific class of companies for a specific time period. The objective behind allowing such deduction is to encourage private sector participation within …

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Save Tax by Creating HUF – Advantages and Limitations

Creating HUF CAknowledge.in

Save Tax by Creating HUF – Advantages and Limitations. Save Tax  by Forming HUF – Taxability, Advantages, Limitations, More Exemptions by Creating HUF, If you know it, you can save it. There are various legal ways to save the tax, out of which one of them is by creating a Hindu Undivided Family (HUF). This way of saving tax is highly beneficial as …

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Tax Benefits Available Only to Senior Citizens 2016-17

Tax Benefits Available Only to Senior Citizens

Tax Benefits Available Only to Senior Citizens 2016-17, List of 7 tax Benefits available to Senior Citizens, It is always said that the one who has done lot to the society should get the most of it. And so has the government brought in the very tax benefits and exemptions to the senior citizens or the super senior citizen. There …

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