Guidelines under Section 10(10D) of Income Tax Act

Guidelines under Section 10(10D) of the Income Tax Act CBDT issued Guidelines on Income Tax Exemption for Unit Linked Insurance Policies (ULIP) Receipts under Section 10(10D) vide a Circular 2/2022 dated 19/01/2022. This circular explains the methodology to find out…

Income Tax Exemption for Expenditure on Covid Treatment

Income Tax Exemption for Expenditure on Covid Treatment To provides relief to taxpayers amid the second wave of the Covid-19 pandemic, the Central Board of Direct Taxes has announced an income-tax exemption for Expenditure on Covid Treatment vides a Press…