WebINCOME-TAX ACT Finance Act, 2024 ─ Explanatory Notes to the Provisions of the Finance Act, 2024 CIRCULAR NO. - 23/2024, DATED 3rd NOVEMBER, 2024 ... year 2024-22. Main features of the rates specified in the said Part I are as follows: 3.1.2 Individual, Hindu undivided family, association of persons, body of individuals ... WebThis book covers the amended, updated & annotated text of the Income-tax Act 1961 & the Finance Act 2024. The recent changes in the Income-tax Act, 1961 are as follows: Section 50AA – Special provision for computation of capital gains in case of Market Linked Debenture and specified mutual funds. Section 80CCH – Deduction in respect of ...
Income Tax A.Y 2024-22 - Google Books
WebIncome Tax Act - Kenya Revenue Authority WebSection 12E of the Income Tax Act is amended by inserting the following proviso to subsection (1)— Amendment of section 12E of Cap. 470. Provided that this section shall not apply to a non-resident person with a permanent establishment in Kenya. 8. Amendment of Section 15 of the Income Tax Act is amended— section 15 of Cap. 470. cityfood hasselt
Income Tax Amendments Applicable For A.Y. 2024-24 (F.Y. 2024 …
Webrental building to account for income, expenses and tax separately for each building; • Deductible expenses and losses allowed to an individual earning rental income increased from 20% to 60%; and • Increase in rental tax rate from 20% to 30% for individuals. Income tax exemption • Repeal of exemption from income tax of taxpayers’ Web2 No. 1 Finance Act2024 2024 1. Unless otherwise provided, this Act shall be deemed to come into operation on the 1st day of January, 2024. PAY-ROLL TAX ACT, 1972 2. Section 8 of the Pay-Roll Tax Act 1972 is amended in subsection (1) by inserting the following new paragraph immediately after paragraph (c)-"(d)public international organisations " WebMay 16, 2024 · Tax compliance season for Income Tax Return filing of A.Y. 2024-22 is on the way and thus, it is pertinent to note key amendments made in the Finance Act, 2024 which are applicable with effect from Assessment Year 2024-22. We have discussed some key amendments introduced in the Finance Act, 2024 in this article; which will help … dicycloverine tablet price philippines