WebAn employee retires during the current year. Gratuity is payable to him. A part of the amount is paid during the current year and the balance will be paid in the next year. A provision is made towards gratuity in the books of account of … WebIncome Tax Department 139AA. (1) Every person who is eligible to obtain Aadhaar number shall, on or after the 1st day of July, 2024, quote Aadhaar number— ( i ) in the application …
Income Tax Notifications
Web2 Jul 2024 · Assessment year and previous year. As per Section 2 (9) of the Income Tax Act, 1961, states that assessment year means the 12 month period beginning on the 1st day of April every year. The assessee is required to file the income tax return of the previous year in the assessment year. As per S.2 (34) of Income Tax Act, 1961, unless the context ... Web28 Mar 2024 · As per Section 139AA, it is mandatory for every person to quote the Aadhaar number in their income tax return and the application for the allotment of PAN, provided they are eligible for... oversight 2.0
Key income tax amendments - iPleaders
Web16 Jul 2024 · Depreciation allowance is one of the deductions allowed from business or professional income chargeable under section 28 or other income chargeable under section 56 (2) (ii) or 56 (2) (iii) of the Income Tax Act, 1961. As per section 32 of the Income Tax Act, 1961, depreciation is allowed on tangible assets and intangible assets owned, wholly ... Web"As per Section 139AA of the Income-tax Act, 1961, every person who is eligible to obtain Aadhaar number shall, on or after the 1st day of July, 2024, quote Aadhaar number— (i) in the application form for allotment of permanent account number; (ii) in the return of income. The above provisions apply to persons who are eligible to get Aadhaar. WebAbout. We ARK Advisors, were established with an intention to serve the people better and make their tax related hassles easier. We at ARK Advisors, blend experience with drive and energy to provide quality enhanced services. We work persistently on delivering the clients with utmost expertise regarding the tax laws and accounting standards. ranboo ate my