WebApr 18, 2024 · Provisions of section 10 (11) of the Income Tax Act exempts any payment received from the ‘ Statutory Provident Fund ’, whereas, provisions of section 10 (12) of the Income Tax Act exempts the accumulated balance payable to an employee participating in the ‘ Recognized Provident Fund ’. The present article provides the understanding for ... Web1 day ago · Conclusion- Held that no part of the RPC fee paid by the assessee is liable to be disallowed under clause (i) of s. 40(a) because the second proviso clause (i) of Section 40(a) has been inserted w.e.f. 1.4.2024. The said proviso essentially provides that where the relevant income has been declared by the payee and tax thereon has been paid by ...
Income-tax (25th Amendment) Rules, 2024 - Income Tax
Web1 day ago · The learned DR has produced the record before us and we have perused the same. We find that only two notices were issued by the Assessing Officer and both were under Section 142(1), the first one dated 10.12.2001 and the second one is dated 31.1.2001, copies of these notices have also been placed at pages 5 & 8 of the paper … WebSep 2, 2024 · Calculation of taxable interest relating to contribution in a provident fund or recognised provided fund, exceeding specified limit.- (1)For the purposes of the first and … simpson h2.5a capacity
SECOND AMENDMENT Dated as of March 15, 2012 to AMENDED …
WebSep 2, 2024 · (1)For the purposes of the first and second provisos to clauses (11) and (12) of section 10 , income by way of interest accrued during the previous year which is not … WebMar 28, 2024 · Finance Act, 2024 has amended the provisions of section 10(11) and section 10912) to bring interest on the Statutory Provident Fund of the government employees (GPF) and Employees Provident Fund ... the provisions o the first proviso shall have the effect as if for the words “two lakh and fifty thousand rupees”, the words “five … WebSep 6, 2024 · 1.1 Section 10 (11) and 10 (12) of the Income Tax Act provides an exemption for the statutory provident fund and recognized provident fund respectively. Till 31 st March 2024, the interest credited every year in the Employee provident fund account (EPF) was … razer mouse launcher