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Section 10 38 income tax india

Web15 Feb 2024 · The Finance Bill, 2024 proposes to amend section 10 (38) of ITA to provide that “any income arising from the transfer of a long-term capital asset, being an equity … Web10 Jan 2024 · Section 10 of the Income Tax Act maximum limit is of Rs.2.50 lakhs for people below 60 years of age and Rs.3 lakhs for individuals above 60 below 80 years and Rs 5 lakhs for people aged 80 years or more. The higher limit of Rs 3 & 5 lakhs is …

section+10(38) Indian Case Law Law CaseMine

Web18 Nov 2024 · Exemption Limit. Section. The amount received as a part of voluntary retirement benefits. Up to 5 lakhs. Section 10 (10C) HRA (House Rent Allowance) for … Web19 Sep 2024 · The Budget 2024 introduced Section 112A by withdrawing Section 10(38). It proposed to impose tax on the LTCG of the following: Shares, Equity-oriented funds or; … gladiator shoes on sale https://turbosolutionseurope.com

What is Schedule 112A, and scrip-wise reporting of capital

WebMarch 10, 2004 15:38 IST. For a large section of investors, insurance and the month of March are synonymous. Since insurance policies allotted before the financial year (March) ends are eligible for tax rebates that is the time when most investors decide to get themselves 'insured.' The crux of the matter is that insurance is seen as a tax ... WebTax liability of the company computed as per the normal provisions of the Income-tax Law, i.e., tax computed on the taxable income of the company by applying the tax rate … 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) … gladiator shoes mens

Amendment in Sec. 10(38) - Gains from Sham Transactions Under …

Category:TAX ON LONG-TERM CAPITAL GAINS

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Section 10 38 income tax india

income tax regime: New vs old income tax regime: Why you need …

Web5 Jun 2024 · Section 10 (38) of the Income-tax Act, 1961 (‘the Act’), prior to its amendment by Finance Act, 2024 provided that the income arising by way of a transfer of long term … Web- Exempt under section 10(34) of the Income Tax Act 1961 - provided Dividend Distribution Tax (DDT) under section 115O of the Income Tax Act 1961, is paid by the Indian Company …

Section 10 38 income tax india

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Web24 Mar 2024 · Section 10 (38) of the Income Tax Act, 2024, deals with the exemption of long-term capital gains arising from the sale of equity shares listed on a recognized stock … Web13 Apr 2024 · Section 10 of Income Tax Act - Complete Information on Exemptions under Section 10 for Salaried Employees. Visit our site for more info on Section 10 (14). 13 Apr …

Web31 Mar 2016 · I.T.A. No.2553/Chny/17 2 by denying the exemption under section 10(38) of the Income Tax Act, 1961 [Act in short].2. Brief facts of the....18,69,390/-. According to … Websection 10(38) Income Tax Started By Sunil K. Jain Dated 27 6 2011 Last Replied Date 10 8 2011 Under section 10 (38) of Income Tax Act, the Capital Gain on sale of shares held for …

Web3 Apr 2024 · Under the Section 10 (38), 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 … 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 …

Web10 Nov 2024 · Section 10 (CC) – Tax on Perquisites An individual can receive income in the nature of a perquisite not by way of monetary payment. This perquisite income is taxable …

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. fv family piggyWeb3 Apr 2024 · October 27, 2024. Interest Expenses can’t be disallowed When Assessee had enough Own Funds which was more than Investments which yielded Tax Free Income: … fv family disney worldWebPreviously, long term capital gains included under Section 10(38) of the Income Tax Act were exempt from taxation. However, after the reforms introduced in the 2024-19 Union … gladiator side by sideWebSection 10(38) of the Income-tax Act, 1961 (‘the Act’), prior to its amendment by Finance Act, 2024, provided that the income arising by way of a transfer of long term capital asset, … fv family\\u0027sWeb11 Jun 2024 · The Finance Act, 2024 has withdrawn the exemption under section 10 (38) of the Income-tax Act, 1961 and has introduced a new section 112A in order to levy long … fv family nerfWeb27 Dec 2024 · One should keep in mind that Long Term Capital Gain Tax on Shares used to be fully tax exempted earlier U/S 10(38) of the Income Tax Act. But w.e.f FY 2024-19 and … gladiator smart switch microwaveWebIncome and Tax Calculator; Deferred Tax Calculator; Tax Calculator; Advance Tax Calculator; TDS Calculator; Tax Calendar; Legal Maxim; Tax Charts & Tables Deductions; … gladiator slush mats