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Deductions

Excellent commerce point > Deductions
Deductions, Rebate and Reliefs
13
Oct
1

Deductions, Rebate and Reliefs Question 1.Write short flotes on deduction under Section  TTA in respect of interest from banks. (June 2014, 4 marks)Answer:80TTAIndividual/HUF – Eligible AssesseeInterest on savings account with a Scheduled Bank, or a Co-operative Bank or Post Office Upto ₹ 10,000.Section – 80 TTB(Deduction in respect of Interest on Deposits in case of Senior […]

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Tags: Deductions , Financial Relief , Income Tax , Tax Benefits , Tax Deductions Explained , Tax Filing , Tax Laws , Tax Planning , Tax Rebate Benefits , Tax Rebates , Tax Reduction , Tax Reduction Tips , Tax Relief , Tax Relief for Individuals , Tax Reliefs , Tax Savings , tax strategies ,
Income from Other Sources ​
16
Jun

Income from Other Sources Question 1.From the following particulars of Pankaj for the previous year ended 31st March, 2021 compute the Income under the head “Income from other Sources”  [Nov. 2009, 6 Marks] Particulars Amount (₹) Directors Fee from a Company 10000 Interest on bank Deposits 3000 Income from undisclosed source 12000 Winnings from Lotteries […]

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Tags: CA Exam Prep , CA Foundation Taxation , CMA Exam Syllabus , CMA Foundation Income Tax , Deductions , Exemptions , Income from Other Sources , Income Tax Act , Income Tax Chapter , Other Sources Income , Tax Computation , Taxable Income ,