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Income Tax Law Updates for A.Y. 2019-20 by Raman is a document available to read on EtoBox.

What is Income Tax Law Updates for A.Y. 2019-20 about?

The document provides an overview of recent statutory updates and notifications relevant for the November 2019 income tax examination. Key points include: 1) A clarification from CBDT that freight, telecom charges and insurance expenses are to be excluded from both export turnover and total turnover when computing deduction under section 10AA. 2) The limit for tax-exempt gratuity received by employees not covered under Payment of Gratuity Act has been increased to Rs. 20 lakh from April 2018. 3) Inter

Author

Raman

Language

EN