Web2 days ago · In this article, we will focus on the exemptions and deductions available under the Salary head of the Income Tax Act, 1961. 1. Standard Deduction: From Financial Year 2024-19 onwards, a standard deduction of Rs. 50,000 is available to all salaried employees. This deduction is allowed irrespective of the actual amount spent on any expense. WebGovernment activity Departments. Departments, agencies and public bodies. News. News stories, speeches, letters and notices. Guidance and regulation

Advanced investment appraisal F9 Financial Management

WebTechnically, you can claim as many allowances as you want—you could even claim 100. However, you could be penalized by the IRS for withholding too much tax. It’s called an … WebAug 10, 2024 · Initial allowance: 20% of the QPE incurred; and. Annual allowance: 40% of the QPE incurred. Under the Rules, QPE refers to a capital expenditure incurred under … triage slownik

FM frequently asked questions (FAQs) ACCA Global

WebAs tax is paid one year in arrears the cash flow table is taken to T5 even though it is only a four-year project. A cash flow table should be split into a ‘Revenue’ section and a ‘Capital’ … Web1 day ago · The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the payment of interest made towards compromise agreement pursuant to court order would be allowable under Section 37 of the Income Tax Act, 1961.. The assessee, Sayaji Hotels Ltd is a company engaged in the business of hotels and restaurant during the year … Web2 days ago · In this article, we will focus on the exemptions and deductions available under the Salary head of the Income Tax Act, 1961. 1. Standard Deduction: From Financial Year … triage short