The penalty for late filing of income tax return is set to be increased from 1st April 2018 onwards as per Section 234F of the Income Tax Act. In this article, we look at Section 234F of the Income Tax Act in detail. …

Here are the list of nature of income & their sections which are Exempted from Tax u/s 10 Income Tax Act, 1961. List of Exempted Incomes ﴾Tax‐Free﴿ Under Section‐10 1. Agriculture Income [Section 10(1)] 2. Any …