What Are the Tax Rates for the Alternative Minimum Tax (AMT)?
The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...
Tax Savings Investment In India: How to Save Rs 1.5 Lakh In Taxes Under Section 80C Of Income Tax
The new tax season starts April 1. Save on taxes under Section 80C through investments like PPF, SCSS, ELSS, and NPS. Consider risk appetite and financial goals before investing.
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ITAT Mumbai Allows CSR Deduction Under Section 80G
Mumbai has upheld the order of the Commissioner of Income Tax (Appeals) [CIT (A)] in the case of ACIT vs. Jamnagar Utilities and Power Pvt. Ltd., allowing deduction under Section 80G for Corporate ...