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 …
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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
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