Can remuneration received by spouse of an individual be clubbed with his/her Income CLUBBING OF INCOME IN INCOME TAX ACT– Under certain circumstances as given in section 64(1)(ii) of Income tax law, remuneration /salary received by the spouse of an individual from a concern in which the individual is having substantial interest is clubbed with […]
Tag: relief under section 89
When relief under section 89 of the Income Tax Act 1961 is available? ||Relief under section 89
When relief under section 89 of the Income Tax Act 1961 is available? Section 89– Relief under section 89 of Income tax act is available to an individual if he has received Received Salary or family pension in arrears or in advance [Rule 21A (2)] Received Gratuity in excess of exemption under section 10(10)(ii)/(iii) […]