Sentences with phrase «exemption under this section»

A statement that the organization qualifies for tax exemption under Section 501 (c)(3) of the Internal Revenue Service code.

Association Member organizations must be entitled to tax exemption under Section 501 (c)(3).

Both ULIP and ELSS are permitted for claiming exemption under section 80C.

Kindly let me know the tax liability on the three years redemption on the invested amount in capital gain bonds (exemption under section 54EC) of REC or NHAI.

ELSS is a diversified equity mutual fund that qualifies for tax exemption under section 80C of income...

ELSS is a diversified equity mutual fund that qualifies for tax exemption under section 80C of income tax act.

In an action under this chapter, the burden of proving an exemption under section 538A.2, subsection 2, is upon the person claiming the exemption.

Tools of the Trade: Tools, books, instruments, implements, equipment, and machines, including motor vehicles, vessels, and aircraft, which are necessary for use in the course of the householder's occupation or trade not exceeding $ 10,000 in value, except that a perfected security interest on such personal property shall have priority over the claim of exemption under this section.

ELSS funds are funds that were created with the intention to promote equity investments in India by providing them tax exemption under section 80C.

NULIPs with a sum assured which is at least 10 times the annualised premium are eligible for tax exemptions under Section 10 (10D) of the Income Tax Act.

Said another way, for the purposes of filing a Schedule 13G pursuant to Rule 13d - 1 (d), is the exemption under Section 13 (d)(6)(B) available to an officer and director indefinitely so long as the officer and director does not acquire securities, together with all other acquisitions in any 12 month period, that exceeds 2 % of the class?

However, the CRT has exclusive jurisdiction over the matters expressly set out in section 3.6 (1), unless the BC Supreme Court grants an exemption under section 12.3.

According to Loyola, its program is equivalent to that established by the Minister thus, the right to be provided with an exemption under section 22 (1) du Règlement d'application de la Loi sur I» enseignement privé should be automatic.

An additional exemption under Section 80C will encourage people to buy adequate life insurance to protect their family's financial future, while getting a tax benefit.

An individual can claim tax exemption under section 80E of Income Tax Act if he / she has taken an education loan for higher studies of his / her children, spouse, or himself / herself.

One of the most worthwhile benefits offered the life insurance policy is income tax exemption under section 80C of the Income Tax Act 1961.

An additional exemption under section 80CCD of Rs 50,000 has been introduced for investments made in the National Pension Scheme (NPS).

The tax exemption under this section is equal to the contribution, not exceeding 10 % of an individual salary.

This means that if you pay a premium of Rs. 20,000 towards health insurance and undergo a preventive health check - up costing Rs. 4,000 - the sum total of Rs. 24,000 qualifies for tax exemption under Section 80D.

If the premium paid for these top - ups do not exceed 10 % of the assured sum, then the policyholder can also leverage tax benefits under section 80C and also exemptions under section 10 D.

Tax deduction under Section 80 (C) is available every year and tax exemption under Section 10 (10D) is available on the Maturity Proceeds subjected to the terms and conditions.

Tax exemption under this section is for contribution by the assessee and the employer to the new pension scheme.

While investments made under the Sukanya Samriddhi Scheme were already eligible for tax exemption under Section 80C, the FM has made interest income and withdrawal from this scheme tax - free.

Section 1302 (c)(4) of the Affordable Care Act directs the Secretary to determine an annual premium adjustment percentage, which is used to set the rate of increase for three parameters detailed in the Affordable Care Act: the maximum annual limitation on cost sharing (defined at § 156.130 (a)-RRB-, the required contribution percentage by individuals for minimum essential health coverage the Secretary may use to determine eligibility for hardship exemptions under section 5000A of the Code, and the assessable payment amounts under section 4980H (a) and (b) of the Code (finalized at 26 CFR 54.4980 H in the «Shared Responsibility for Employers Regarding Health Coverage,» published in the February 12, 2014 Federal Register (79 FR 8544)-RRB-.

Premium payments made by the policy holders are liable to get tax exemption under section 80D of the Income Tax Act.

A premium up to Rs 15,000 a year is eligible for tax exemption under section 80D.

As per the prevailing tax laws, the premium paid is eligible for tax exemption under section 80 C as per the Income Tax Act 1961.

The maximum limit of exemption under this section is limited to Rs. 1.5 lakhs.

Premiums paid for the plan qualify for tax exemption under Section 80C.

Policy holder can also avail exemptions under section 80D for receiving any amount as part of maturity benefits.

So, these are the top 10 investment options that not only work as a great investment instrument to achieve the short and long term goals of life but also provide tax exemption under the section 80C.

Harsh Roongta, CEO of Apnapaisa, says that only a premium equivalent to 10 per cent of sum assured under a policy will be eligible for tax deduction under Section 80 C and you can not claim tax exemption under Section 10 (10D).

However, tax exemptions under section 80TTA will not be henceforth allowed for senior citizens.

The HRA exemption under Section 80, or other section, is only provided to an employee when or she actually pays the rent to the landlord.

The provision states that all life insurance policies that are not eligible for tax exemption under Section 10 (10D), will see 2 per cent tax deducted at source on the sum paid to the policyholder.

Both self - employed people and salaried employees can claim rent - related deductions if they do not receive any tax exemptions under the Section 10 - 13A

Post office deposits are similar to fixed deposits and are applicable for tax exemption under section 80C of Income tax Act.

You can also take advantage of income tax exemptions under section 80C.

Those who seek tax exemptions under the Section 80 GG should not claim any tax benefits related to a self - occupied property, which they own elsewhere.

All the applicable tax deductions and exemptions under Section 80 C (tax saving investments), 80CCC, 80 CCD, 80D (health insurance premium), 80E (interest on any education loan), 80 G (donations) and others

For people below the age group of 60 years, the exemption under section 80D remains same (Rs. 25,000).

Further, maturity proceeds or withdrawals are eligible to get exemptions under Section 10 (10D).

Investing in ELSS can get you tax exemption under the section 80C of the Indian Income Tax Act.

The premium paid by the employer qualifies for tax exemption under Section 37 and the claims received qualify as per Section 10 (10D)

One such measure is tax exemption under section 80 D of the income tax act.

All premiums paid on investment plan qualify for tax exemptions under Section 80C.

It not only covers all the medical expenses in the hour of need, but also helps you to save on taxes as the premium paid towards health insurance policy is eligible for tax exemption under section 80C.

They offer tax exemption under Section 80C and 10 (10D) of the Income Tax Act, 1961..

The premiums paid qualify for tax exemptions under Section 80C.

Endowment plans offer tax exemptions under section 10 (10) D on the amount that you receive as maturity benefit.