OFFENCES AND PROSECUTIONS [table id=13 /] Notes : No person is punishable for any failure under section 276A, 276AB or 276B if he proves that there was reasonable cause for such failure (vide section 278AA). (a) Prosecution for offences under section 275A, section 275B, section 276, section 276A, section 276B, section 276BB, section 276C, section 276CC,… Read More »
ALLOWANCES DEDUCTIONS IN INCOME TAX ACT 1961 [table id=14 /] Notes: Deduction is limited to whole of the amount paid or deposited subject to a maximum of Rs. 1,50,000. This maximum limit of Rs. 1,50,000 is the aggregate of the deduction that may be claimed under sections 80C, 80CCC and 80CCD. The sums paid or… Read More »
Foreign Contribution Regulation Act 2010 FAQ’S on Foreign Contribution (Regulation) Act 2010 For Complete Act Click Q.1 What is foreign contribution? Ans. As defined in Section 2(1)(h) of FCRA, 2010, “foreign contribution” means the donation, delivery or transfer made by any foreign source, – (i) of any article, not being an article given to a person*… Read More »