Web28 jun. 2024 · For tax treatment of leave encashment u/s 10 (10AA) of Income Tax Act 1961 the employees has been classified into two types: 1) Govt Employees and. 2) Non-Govt … Web6 dec. 2024 · As a result, the original returned loss of Rs. 7,96,40,878 got revised to a positive business income of Rs. 12,55,84,483 against which deduction under section 10AA of Rs. 12,32,93,654 was claimed by the appellant. Along with the revised computation of income, a report of the Chartered Accountant in Form 56F was furnished before the …
Section 10 Of Income Tax Act: Exemptions, Allowances & How To …
WebSection 10AA – taxcaselaw.com Category: Section 10AA Gujarat H.C : Whether the ITAT has erred in law in deleting the addition made by the Assessing Officer on account of … WebLEAVE SALARY EXEMPTION [Sec. 10 (10AA)] If Leave salary encashment is received by any employee while in employment then it is fully taxable in the hands of employee. … peter storm yellow jacket
Tax Holiday : SPECIAL ECONOMIC ZONE [Section 10AA]
Web7 apr. 2024 · The Learned Authorised Representative for the Appellant submitted that Section 10AA of the Act does not prescribe any specific time limit for realization of export proceeds as compared to some of the sections providing deduction in respect of exports such as Section 10A, 10B, 80HHC, 80HHE and 80HHF. He submitted that that identical … Web14 apr. 2024 · Section 10AA Deduction has to be calculated on the basis of the following formula: (Profit of business of the unit x Export turnover of the unit) / Total turnover of the business. Export turnover of the unit means consideration relating to export by the undertaking received in or brought into India. Web9 mei 2024 · Section 10 of the Income Tax Act, 1961 (Act) vide its clause (10AA) provides for income tax exemption from leave encashment or leave salary received at the time of retirement, resignation or otherwise termination of employment. peters towing dorchester