Websection 10aa special provisions in respect of newly established units in special economic zones income tax act 1961 2024. Products. Products. Clear Library. Income Tax. GST. ...
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Webprovisions of section 10AA(1)(ii) of the Income-tax Act, 1961. The reserve will be utilised by the Group for acquiring new assets for the purpose of its business as per the terms of section 10AA(2) of Income-tax Act, 1961. (e) Retained earnings This reserve represents undistributed accumulated earnings of the Group as on the balance sheet date. Web19 Feb 2024 · The calculation of exempt leave encashment os as per section 10(10AA) Tax Exemption Under Section 10(10AA) In such a case, the following points are considered in order to receive the exemption under section 10(10AA). ... But according to Section 89, Income Tax Act, the employee can claim for tax relief from their leave encashment amount. mydeal phone number australia
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WebSection 10 of the Income Tax Act allows a list of exemptions which are available to tax-payers, both salaried as well as non-salaried individuals. You can claim an exemption under Section 10 for different types of incomes that you earn in a financial year. Section 10 contains various subsections which allow exemptions on different types of incomes. http://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2024-23.aspx WebIncome Tax exemption on income derived from the business of development of the SEZ in a block of 10 years in 15 years under Section 80-IAB of the Income Tax Act. ... 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back ... officer brian kozera