Income Tax

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M.PORNIMA

M.PORNIMA (Querist)
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22 November 2009 Is all the matters give u\s 10 are exempted?

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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22 November 2009 No..some of them will be decided after the Calculation and Situation...

CA. Rishabh Mittal

CA. Rishabh Mittal (Expert)
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22 November 2009 Please go through the Income Tax Act. Section 10 is very vast & it's each sub section in itself hold it's importance. All the sub sections relates to some type of exemption but exemtion doesn't mean that whole income stated therein is exempted. BUT procedure to calculate exempted amount is stated in these sub sections. However, most of the income stated in Sec 10 are fully exempted.

M.PORNIMA

M.PORNIMA (Querist)
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25 November 2009 Thank you for explaining me in detail..........

Vishnu Saboo

Vishnu Saboo (Expert)
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03 January 2010 Rishab is right, there are exemption in sub section partly or wholly, but terms are defined for avail the exemption, so before making any deduction, you must see the privision.

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