Tax exemption under section 80g
A tax deduction under section 80g of income tax act is available for some contributions or donations. To be eligible for these certificates, NGOs and other non-profit organisation...
Blogs
Deduction under section 80g of the income tax act
For amounts paid by the taxpayer as a contribution to any fund, institution, or charity Trust, a deduction under section 80g of income tax is permitted. Under the Income Tax Act, not all gifts are handled similarly. Do...
Double taxation relief of registration
The Central Government may enter into concurrence with the Government of any nation outside India or a specified region outside India....
Transfer of income where there is no transfer of assets
All salary going out to an individual by the goodness of an exchange of tax deduction should(if there is no exchange of the holdings from which the wage goes out) be chargeable for pay to assess as the salary of the transferor and ough...
Restrictions on transfer of immovable property
Transfer of Property Act or any other law for the time being in force, has been effected. Except after an agreement for transfer is entered into between the person who intends to tr...
Capital gain
Profit and Gain arising from the transfer of a capital affected in the previous year saved as otherwise provided is chargeable to income tax under the head and the income of that ye...
Expenditure on eligible projects or schemes
Expenditure by way of payment of any institution approved by the National Committee for carrying out any eligible project or scheme:-...
Reserves for shipping business
A company formed and registered in India with the main object of carrying on the business of operation of ships. The provision of this section should be allowed to deduct an am...
Any type of income tax exemption including tape
Tape or any other form of electro-magnetic data storage device business includes any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce...
Special requirement to prevent repetitive appeals
How to proceed if the assessee asserts that the Supreme Court or the High Court is now debating a similar legal issue....