Exempted 10 in income tax

Answers

Answer 1

Answer:

Section 10 of the IT Act, 1961, provides for income tax exemption benefits concerning various allowances paid. For example, rent allowance, tuition fees allowance, travel allowance, insurance policy premiums, gratuity, and so on. [tex]hi[/tex]

Explanation:

Answer 2

List of few Exempted Income covered u/s 10 :

1. Agricultural Income (section 10(1)) : As per section 10(1), agricultural income earned by the tax payer in India is exempt from tax.  As per section 21(A), agricultural income generally means any rent or revenue derived from land which is situated in India and is used for agricultural purposes.

2. Allowances/Perquisites (section 10(7)) : As per section 10(7) any allowances or perquisites paid or allowed as such outside India by the government  to a citizen of India for rendering service outside India is exempt for tax.

3. Gratuity (section 10(10)) : Gratuity can either be received by the employee himself at the time of retirement or the legal heir on the event of the death of the employee.

4. Scholarship (section 10(16)) : The full amount granted to meet the cost of education is exempted. 'Cost of education' includes not only the tuition fees but all other expenses which are incidental to acquiring education.  

5.  Allowance of M.P/ M.L.A (section 10(17)) :

The income by way of daily allowance received by a Member of Parliament or by a Member of State Legislative or by member of any committee thereof. Any constituency allowance received by a member of state Legislative.

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The complete question is -

List out  few  Exempted Incomes covered u/s 10 of Income Tax Act.


Related Questions


Museums put together exhibitions in order to:
• A. ensure that art is shared among various important museums.
• B. restore older works of art to their original condition.
O c. present a comprehensive collection of a particular kind of art.
D. help a single artist or group of artists sell their work.
SUBMITl

Answers

Answer:

Museums put together exhibitions in order to present a comprehensive collection of a particular kind of art.

A
B. JOURNEYS TO MEANINGFUL LEARNING
Writing Acrostics: Using the letters of the word "POETRY" and "PROSE", provide a
creative description of how you perceive such concept.
P-
0-
E-
T-
R
Y-
P.
R
0-
E-
S-

Answers

POETRY:

Penning emotions into artful expression,On pages where words weave into possession.

What is the essence of poetry's appeal?

Poetry is an art that evokes emotions and paints vivid pictures with words. It's a form of expression that allows the writer to capture fleeting moments, deep emotions, and raw feelings, making them tangible and shareable.

Poetry is a medium for self-reflection and a means of communicating with others. It has the power to connect people and transcend time, resonating with readers across generations. Whether it's a sonnet, haiku, or free verse, poetry has a way of capturing the essence of the human experience and making it beautiful.

PROSE:

Profound reflections on life and fate,Recited with rhythm, words articulate.

How does prose differ from other forms of writing?

Prose is a style of writing that communicates ideas in a straightforward, natural manner. Unlike poetry, which is characterized by its use of rhyme, meter, and other stylistic devices, prose is written in ordinary language, often in long paragraphs or chapters.

Prose is a versatile form of writing that can take many different forms, including novels, short stories, essays, and biographies. It's the most common form of written expression, and its purpose is to convey information and tell a story in a clear and direct way. While it may lack the poetic beauty of verse, prose is an essential tool for communicating ideas and sharing experiences with others.

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Guidelines:

The Discussion Board provides a chance for you to present ideas and insights to your classmates and respond to your classmates' posts, as well. Take the opportunity to share your thoughts and opinions, your background knowledge and experience, or anything you may have learned in the course so far. Keep in mind that everyone in this class can read whatever you post. Keep your responses original and polite, and remember to use correct spelling and grammar. Also provide sources where appropriate.

Remember that this is an academic Discussion Board, so stay on topic. If you are not sure how many posts you need to make, ask your instructor.

Prompt:

Consider the following questions:

What do you think are the benefits of joining an organization that focuses on bringing interior designers together?
What factors would you consider to be important if you had to choose to join one professional organization as a student?

Answers

Subscribing to a professional society for interior designers furnishes a plethora of rewards, from connecting with associates, frequenting industry events and assets, cultivating specialized knowledge and contemporary education, having mentors and chances for job recruitment, to finding companionship and aid.

Benefits of bringing interior designers together?

The organization also serves as an appeal platform for the discipline's issues and ambitions.

If you're a student studying to become a part of this profession's collective, several aspects worth ruminating on comprise the establishment's mission and values, the kind of resources and occasions showcased, fees and benefits for membership, interaction with market professionals and trainers, and the organization's standing inside the house of cards. Besides, it is essential to reflect on how it aligns with your prospective interests and vocational aims.

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In one paragraph explain the following:
In the final sentence of the reading, the author claims that the internet has complicated issues surrounding
ownership and appropriation of art. Explain why this is so.

Answers

The internet has made it easy for individuals to access and share art, including music, literature, images, and videos, at a rapid pace and on a global scale.

What has this led to?

However, this has also led to an increase in copyright infringement and unauthorized use of copyrighted material. It has become difficult for artists and creators to protect their work and to receive proper compensation for its use.

Furthermore, the internet has blurred the lines between original and derivative works, leading to complex debates about ownership and appropriation of art. These issues are exacerbated by the sheer volume of content available online and the challenges of enforcing intellectual property rights in a digital world.

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Lead your team in a conversation using the 4Ds of discussion based on the scenariobelow.Your friends Sasha and James are helping you with a charity bake sale. Sasha is doing thebaking, James is doing the packaging and pricing, and you are working on the advertising. All isgoing well until James tastes one of the cookies and criticizes the taste and insists he could fix itby just adding a little bit more sugar. When he reaches for the sugar, he knocks over the latestpan of fresh cookies, and Sasha storms off crying. You see her crying and come running to see. make and team conversation using 4D

Answers

As the team leader in this situation, I would guide the conversation using the 4Ds of discussion: Define, Discover, Dream, and Design.

How to explain the information

Define:

First, we need to clearly define the problem at hand. Our issue is that James criticized the taste of Sasha's cookies and suggested adding more sugar, which led to him accidentally knocking over a pan of freshly baked cookies and causing Sasha to storm off crying. We need to figure out how to address the situation and move forward.

Discover:

Next, we should explore everyone's thoughts and feelings about the situation. James, can you explain why you criticized the cookies? Did you intend to be hurtful? Sasha, can you tell us how you feel about what happened? Do you feel like your hard work has been disrespected? And for myself, I'm wondering how we can continue with the charity bake sale and get past this setback.

Dream:

After understanding everyone's perspective, we should collectively brainstorm ideas on how to move forward. James, do you have any suggestions on how we can make the cookies better without hurting Sasha's feelings? Sasha, what can we do to make things right? And for myself, I'm wondering if we can come up with a creative way to market the cookies, emphasizing their unique taste.

Design:

Lastly, we should create an action plan that incorporates everyone's ideas and addresses the issue. James, let's work together to come up with a recipe modification that improves the taste of the cookies without hurting Sasha's feelings. Sasha, what can we do to make sure you feel heard and respected? And for myself, let's put together a marketing plan that highlights the uniqueness of the cookies while also emphasizing the charitable cause.

Overall, it's important to remain respectful of each other's opinions and feelings while also working towards a solution that benefits the charity bake sale. By using the 4Ds of discussion, we can work together to address the issue and move forward as a team.

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Draw four different types of make up

Answers

Yellow red blue orange

On the island of Chuuk, canoes had removable carved birds at each end that were used to signal an intention of war or peace.

A.
True

B.
False

Answers

A. true

Explanation:

Because on the island of Chuuk,

The documentary looks at one of Caravaggio's paintings in great depth, analyzing every element. The painting is called
A Boy Bitten by a Lizard
B) The Calling of St. Matthew
C David and Goliath
D Bacchus

Answers

A) A Boy Bitten by a Lizard.

Can anyone draw bubble letters or any other fonts that say
“TIME FOR CAMPING”

Answers

Answer:

be by camping sll day and night

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