Showing posts with label Ipcc income tax. Show all posts
Showing posts with label Ipcc income tax. Show all posts

Sunday, 25 August 2013

Income tax set off and carry forward of losses with chart

As a student set off always seemed to be confusing to me, every thing just seemed to be one and the same. However after getting some hang of it now it doesn't seem like a monstrous task as it used to seem at once.

I have put together this chart as under to provide a basic overview of set off without much fluff. The things that need to be taken care of are marked in bold text. Also at the end some important points are motioned which you should take care of.

Tax rebate under section 87a for A.Y 2017-18

Rebate under section 87A is provided so that the tax burden of the people with lower income can be reduced. And the benefit can be claimed...