RESTRICTION ON CERTAIN DEDUCTIONS IN THE CASE OF COMPANIES [Chapter VI-B, consisting of section 80VVA, omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Original Chapter was inserted by the Finance Act, 1983, w.e.f. 1-4-1984 and amended by the Finance Act, 1985, w.e.f. 1-4-1986 and Finance Act, 1986, w.e.f. 1-4-1987.] Practice area’s of B K Goyal […]

Deduction in respect of expenses incurred in connection with certain proceedings under the Act [Omitted by the Finance Act, 1985, w.e.f. 1-4-1986. Original section was inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax

Deduction from gross total income of the parent in certain cases [Omitted by the Finance Act, 1994, w.e.f. 1-4-1995.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company

Deduction in case of a person with disability (1) In computing the total income of an individual, being a resident, who, at any time during the previous year, is certified by the medical authority to be a person with disability, there shall be allowed a deduction of a sum of seventy-five thousand rupees: Provided that where

Deduction in respect of interest on deposits in case of senior citizens Section 80TTB of the Income Tax Act, 1961, offers tax benefits to senior citizens in India on their interest income from various sources. Let’s break down the key points in simple terms with examples: 1. Who is Eligible? If you are an individual

Deduction in respect of interest on deposits in savings account (1) Where the gross total income of an assessee (other than the assessee referred to in section 80TTB), being an individual or a Hindu undivided family, includes any income by way of interest on deposits (not being time deposits) in a savings account with— (a)  a

Deduction in respect of winnings from lottery  [Omitted by the Finance Act, 1986, w.e.f. 1-4-1987. Original section was inserted by the Finance Act, 1972, w.e.f. 1-4-1972 and amended by the Finance (No. 2) Act, 1980, w.e.f. 1-4-1981.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal |

Deduction in respect of long-term capital gains in the case of assessees other than companies [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. Original section was inserted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968 in replacement of section 114.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing |

Deduction in respect of compensation for termination of managing agency, etc., in the case of assessees other than companies [Omitted by the Finance Act, 1986, w.e.f. 1-4-1987. Original section was introduced in place of old section 112 by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Practice area’s of B K Goyal & Co LLP

Deduction in respect of royalty on patents (1) Where in the case of an assessee, being an individual, who is— (a)  resident in India; (b)  a patentee; (c)  in receipt of any income by way of royalty in respect of a patent registered on or after the 1st day of April, 2003 under the Patents