Section 137 Income Tax Act 2025 Deduction in respect of contributions given by any person to political parties. 137. An assessee, (other than a local authority and an artificial juridical person wholly or partly funded by the Government), shall be allowed a deduction for the amount contributed by him, other than by way of cash,… Read More »
Section 136 Income Tax Act 2025 Deduction in respect of contributions given by companies to political parties. 136. (1) An assessee, being an Indian company, shall be allowed a deduction for the amount contributed by it, other than by way of cash, during a tax year to a political party registered under section 29A of… Read More »
RULE 19 INCOME-TAX RULES 2026 Gross total income for purposes of section 17(3)(b). 19. For the purposes of section 17(3)(b), the prescribed gross total income shall be Rs. 800000. ***************************************************** Read more Income Tax Act 2025 INCOME TAX RULES 2026 for more refer income tax website click here for more refer YouTube Subscribe website click… Read More »
Section 159 Income Tax Act 2025 Agreement with foreign countries or specified territories and adoption by Central Government of agreement between specified associations for double taxation relief. 159.(1) The Central Government may enter into an agreement with the Government of— (a) any other country; or (b) any specified territory, for the purposes mentioned in sub-section… Read More »
RULE 18 INCOME-TAX RULES 2026 RULE 18 INCOME-TAX RULES 2026 Exemption of medical benefits from perquisite value in respect of medical treatment of prescribed diseases or ailments in hospitals approved by the Chief Commissioner. 18. (1) In granting approval to any hospital other than a hospital for Indian system of medicine and homeopathic treatment for… Read More »
Section 135 Income Tax Act 2025 Deduction in respect of certain donations for scientific research or rural development. 135. (1) In computing the total income of an assessee, there shall be deducted, as per the provisions of this section, any sum paid by the assessee in the tax year to,— (a) a research association which… Read More »
RULE 17 INCOME-TAX RULES 2026 Salary income for purposes of section 17(1)(c)(ii). 17. For the purposes of section 17(1)(c)(ii), the prescribed income under the head “Salaries” shall be Rs. 400000. ____________ Read more Income Tax Act 2025 INCOME TAX RULES 2026 for more refer income tax website click here for more refer YouTube Subscribe website… Read More »
Section 134 Income Tax Act 2025 Deductions in respect of rents paid. 134. (1) In computing the total income of an assessee, subject to other provisions of this section, there shall be deducted any expenditure incurred by him towards payment of rent (by whatever name called) in respect of any furnished or unfurnished accommodation occupied… Read More »
RULE 16 INCOME-TAX RULES 2026 RULE 16 INCOME-TAX RULES 2026 Annual accretion referred to in section 17(1)(i). 16. (1) For the purposes of section 17(1)(i), annual accretion by way of interest, dividend or any other amount of similar nature during the tax year (herein referred to as the current tax year) to the balance of the… Read More »
Section 133C Income Tax Act 2025 Power to call for information by prescribed income-tax authority. 133C. 81 [(1)] The prescribed income-tax authority 82 may, for the purposes of verification of information in its possession relating to any person, issue a notice to such person requiring him, on or before a date to be specified therein, to furnish information or… Read More »