WebDeductions is defined under section 57 of Income Tax Act 1961. Provisions under this Section is: Section 57 of Income Tax Act "Deductions" 57. The income chargeable under the head "Income from other sources" shall be computed after making the following deductions, namely :- WebSection 57 in The Income- Tax Act, 1995 57. Deductions 1 The income chargeable under the head" Income from other sources" shall be computed after making the following deductions, namely:-
Section 57 of Income Tax Act Deductions - aaptaxlaw.com
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Section 10 (34): Income Tax Exemption on Dividend Income
WebJul 28, 2013 · Income Tax Deduction u/s 57 (iia) to family pensioners This query is : Resolved Report Abuse Follow Query Ask a Query Querist : Anonymous (Querist) 28 July 2013 Sir, I am a govt employee and receiving ex-gratia salary/family pension in addition to my salary.To avail the SD of Rs.15000/-which ITR to be filed by me.Itr-2 WebSection 57 of IT Act 1961-2024 provides for deductions. Recently, we have discussed in detail section 56 (income from other sources) of IT Act 1961. Today, we learn the … WebFeb 23, 2024 · Standard deduction of ₹ 50,000 or salary, whichever is less [ applicable from AY 2024-21 – Act No. 7 of 2024, w.e.f. 1-4-2024. ] Entertainment Allowance for Government Employees only up to 1/5th of their salary or ₹ 5,000 whichever is less nork southern stock prices