WebINCOME-TAX G.S.R. 212(E).—In exercise of the powers conferred by clauses (i), (ii), (iii) and (iv) of first proviso to ... clause (iv) of first proviso to clause (23C) of section 10 for the grant of approval of a fund or trust or institution, or university or other educational institution or any hospital or other medical institution ... WebApr 3, 2024 · This book covers an in-depth Rule-wise commentary on the Income Tax Rules 1962 in simplified language. ... I-12. 939. 947. 948. 966. ... hospital/other medical institution under the first proviso ...
Notice u/s 148 beyond the period of six years is barred by limitation
WebSection 10 (11) and 10 (12) of the Income Tax Act defines the exemption on the amount added to the provident fund. Additionally, the amount allowed as a deduction on contributing to the provident fund is dealt in section 80C of the … WebApr 23, 2024 · The Income-tax Department shall issue a National Unique Registration Number to all the charitable and religious institutions and thereby creating a National Database of exempt entities. ... Trust / institution has become inoperative due to the first proviso to sub-section (7) of section 11 [sub clause(iv) Clause (ac) of section 12A(1)]. shy group york
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WebSep 2, 2024 · These rules may be called the Income-tax (25th Amendment) Rules, 2024, and it is expected that it may come into force on 1st day of April 2024, the Ministry has notified. ... The government has mentioned that the purposes of the first and second provisos to clauses (11) and (12) of Section 10, income by way of interest accrued … WebSep 2, 2024 · (1)For the purposes of the first and second provisos to clauses (11) and (12) of section 10 , income by way of interest accrued during the previous year which is not exempt from inclusion in the total income of a person under the said clauses (hereinafter in this rule referred to as the taxable interest), shall be computed as the interest accrued … Web2 days ago · 12 Apr 2024; 381 Views; 0 comment; Amendment in 206C(1G) of Income Tax Act, 1961. SUMMARY: S. No. ... In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2024, (i) in the long line, for the word, “five”, the word “twenty” shall be substituted; (ii) in the first proviso, for the words, “and ... shy graphic