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Author: User Managers

Apr 4

PRESENT RATES OF CONTRIBUTION

10% rate is applicable for Any establishment in which less than 20 employees are employed. Any sick industrial company and which has been declared as such by the Board for Industrial and FinancialReconstruction Any establishment which has at the end of any financial year, accumulated losses equal to or exceedingits entire net worth and  […]
Apr 4

Section 80-IBA Affordable Housing Scheme: Amendments, FAQs, Relevant Case Laws and Updated with Finance Act 2017

SECTION 80-IBA. (AFFORDABLE HOUSING SCHEME) AMENDMENTS AND FAQ WITH RELEVANT CASE LAWS (UPDATED WITH FINANCE ACT 2017) (1) Deductions in respect of profits and gains from housing projects.—(1) Where the gross total income of an assessee includes any profits and gains derived from the business of developing and building housing projects, there shall, subject to […]