WebIncome Exempt from Tax as Per Section 10. Most income that is exempted from tax is listed under Section 10 of the Income Tax Act. This section contains a list of income that is … Web11 Jan 2024 · For example, if a taxpayer has annual (net) long-term capital gain under section 112A of Rs. 1,50,000, then the tax of 10% under section 112A is on Rs. 50,000 (Rs. …
List of Exempted Incomes (Tax-Free) Under Section-10
WebIncome and Tax Calculator; Deferred Tax Calculator; Tax Calculator; Advance Tax Calculator; TDS Calculator; Tax Calendar; Legal Maxim; Tax Charts & Tables Deductions; … Web10 Apr 2024 · In reference to the PMMY data, Smt. Sitharaman said, “Since the launch of the scheme, as of 24.03.2024, about ₹23.2 lakh crore has been sanctioned in 40.82 crore loan accounts. About 68% of accounts under the scheme belong to women entrepreneurs and 51% of accounts belong to entrepreneurs of SC/ST and OBC categories. margin offers
Notification on Tax on Shares Transaction and Sec. 10(38
WebSection 10 (3) Income received via casual forms up to ₹5000 and up to ₹2500 for occasions like horse-racing. Section 10 (2A) Income received from the profit of being a partner to a … WebSection 10(38) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2024, provided that the income arising by way of a transfer of long-term capital asset, being equity share in a company, shall be exempt from tax if such transfer is undertaken after 1 October 2004 and chargeable to Securities Transaction Tax (STT) … Web19 Jan 2024 · Section 10 (1) of the Income Tax Act exempts agricultural income for agricultural lands situated in India. All the below mentioned agricultural incomes are … margin offset