Income Tax Calculator Related Articles

May - 2018

13

Notice for Defective Return Under Section 139 (9)

Notice for Defective Return Under Section 139 (9)

Notice for Defective Return Under Section 139 (9) An income tax return is considered "defective" if it is not filed as per the requirements of the Income Tax Law. If a taxpayer has filed a defective income tax return, the Assessing Officer (A.O.) will identify the defect and issue a notice under se ...

May - 2018

08

Section 80TTB Deduction

Section 80TTB Deduction

Section 80TTB Deduction The Budget 2018 has introduced a new Section 80 TTB in the Income Tax Act. The new section offers a tax deduction to assessees in lieu of the existing Section 80TTA deduction. Under Section 80TTB deduction, senior citizens can claim income tax exemption of upto Rs. 50,000/- ...

May - 2018

07

Retrenchment Compensation

Retrenchment Compensation

Retrenchment Compensation Retrenchment is the termination of an employee by an employer for reasons other than a punishment meted out by disciplinary action. Employees terminated in such a manner are financially compensated by the employer. This kind of compensation is known as retrenchment compens ...

Check After 🔎 Some Time