Web14 rows · May 26, 2024 · 194C. Lower rate of TDS under Section 194C in case of payments to a contractor or sub-contractor. Tax is required to be deducted only if sum paid … WebJan 18, 2024 · Clubbing of income. As the term suggests, clubbing of income means adding or including the income of another person (mostly family members) to one’s own income. This is allowed under Section 64 of the IT Act. However, certain restrictions pertaining to specified person (s) and specified scenarios are mandated to discourage this practice.
How to claim deductions for tax savings? - myITreturn Help Center
WebJun 26, 2024 · For HUF. Mediclaim premium paid for any member of the HUF. Maximum deduction Under Section 80D Rs 25,000. In case any member of the HUF covered by Mediclaim policy is a senior citizen, deduction Under Section 80D amount is enhanced to Rs. 30,000. ( it has been increased to Rs 50,000 from A.y 2024-20) WebApr 13, 2024 · Deductions under Chapter VI-A have various subsections that cover the deductions available against taxable income. Section 80DDB . Chapter VIA includes some sub-sections for medical expenses of the individual or dependents. From these, Section 80D and Section 80DDB are standard and used frequently. ... (HUF) – An HUF can claim a … dishwalla youtube pet your friends full album
Latest Income Tax Slab Rates for FY 2024-23 / AY 2024 …
WebJan 16, 2024 · Short term capital gain as under Section 111A. Gains from equity shares listed on a recognised stock exchange having a holding period of less than 12 months are considered as short term capital gains. Section 111A is applicable in the case of STCG on the purchase or sale of: Equity shares or equity-oriented mutual fund units. Transferred ... WebMar 28, 2024 · Section 80C Certain deductions. Last updated at March 16, 2024 by Teachoo. This is the most popular and most important deduction. This deduction is for. … WebJun 19, 2024 · Chapter VI A of Income Tax Act contains various sub-sections of section 80 that allows an assessee to claim deductions from the gross total income on account of various tax-saving investments ... covid testing brentwood pa