Tag Archives: Providend Fund under Business & Profession

BUSINESS AND CHARITABLE TRUSTS – BUDGET 2015

BUSINESS AND CHARITABLE TRUSTS Under the provisions of section 11 of the Income Tax Act 1961 , the primary condition for grant of exemption to trust or institution in respect of income derived from property held under such trust is that the income derived from property held under trust should be applied for the charitable […]

Provident fund under the Head of Business or Profession

Provident fund under the Head of Business or Profession In this particular article I wish to share some of my views about provident fund contribution by the Employer and Employee, its Taxability and deduction under the head of Business or Profession.  The main objective of the provident fund is to give retirement benefit in the […]