Tag Archives: Tax Exemption

Senior Citizens ITR filing not Mandatory in 2025 | Senior Citizens Tax Benefits |

By | February 17, 2025
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Senior Citizens ITR filing not Mandatory in 2025 | Senior Citizens Tax Benefits Senior Citizens ITR filing not Mandatory in 2025 but there are certain conditions for this Senior Citizens Tax Benefit. Did you know that filing your Income Tax Return (ITR) might not be mandatory for you? This video breaks down Section 194P of… Read More »

START UP -No tax on issuing share above market value

By | June 20, 2016
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START UP CBDT has notified the Tax Exemption to the Start ups on issuing shares above market value as per the Notification Enclosed. Issuing shares above market value is taxable as per Section 56(2)(viib) of the Income tax act. But the central government can exempt certain classes from tax under Section 56(2)(viib) by Notification.  As per… Read More »