Discuss in detail any ten incomes which are neither
included in total income nor income tax is payable
on them.
Answers
Answered by
1
- agricultural income
- income of HUF
- share of profit from partnership firm
- leave travel concession
- house rent allowance
- uniform allowance
- interest income
- allowance for serving in the underground mines
- allowances given to armed forces
- allowance dor the education of children
Note:- for details please refer section 10 to section 13A of Income tax Act 1961.
you can access income tax Act directly from the official site of income tax www.incometaxindia.gov.in
Similar questions