tax strategies
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 […]
Capital Gains Question 1.Write short note on the following:Capital gain on transfer of depreciable assets (Dec 2022, 5 marks) Descriptive Question Question 2.Explain the provisions in regard to a reference to Valuation Officer for valuation of a capital asset under the provision of the Income-tax Act, 1961. (Dec 2012, 3 marks)Answer:Reference to Valuation Officer […]