WebMay 18, 2024 · The income by way of interest earned from the said NRO deposit shall be treated as ‘investment income’ under clause (c) of section 115C and shall be liable to be taxed at the rate of 20 per cent under section 115E. The banks paying interest on the NRO deposit of the applicant are required to deduct tax at source at the rate of 20 per cent. WebSep 20, 2024 · Deduction under section 80D of the Income Tax Act is available in addition to the deduction of INR 1.50 Lakhs available collectively under section 80C, section 80CCC and section 80CCD (1). Deduction under section 80D is available basically for two types of payment, namely –. 1. Medical insurance premium (including preventive health check-up ...
Section - 115H : Benefit under Chapter to be available in
WebJun 26, 2024 · Extract From Act: Section 115H of the Income Tax Act 1961: Where a person, who is a non-resident Indian in any previous year, becomes assessable as resident in India … WebThe Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, ... Section - 115H. Benefit under Chapter to be available in certain cases even after the assessee becomes resident. Section - 163. Who may be … high court multan cause list
Board Resolution Format for shifting of registered office from one ...
WebMar 1, 2024 · 115H. Where a person, who is a non-resident Indian in any previous year, becomes assessable as resident in India in respect of the total income of any subsequent … WebWhere assessee, a non-resident, deposited money in non-resident account with various banks in India and on his return to India, he claimed concessional rate of tax under section 115H, his claim was to be allowed; there is no merit in contention that in order to get benefit of section 115H assessee should be a non-resident and should have been assessed as … WebAfter section 111 of the Income-tax Act, the following section shall be inserted, with effect from the 1st day of April, 2005, namely:— ‘111A. ... (i) the amount of income-tax calculated on such short-term capital gains at the rate of ten per cent; and (ii ... high court mombasa