English | Hindi | Spanish | Deutch

Income Tax Exemptions

1. Income Tax Exemptions: Any donations to IMA are exempted under income tax 80G


2.  Section 28 in The Income- Tax Act, 1995: Profits and gains of business or profession: The following income shall be chargeable to income- tax under the head" Profits and gains of business or profession",- (iv) the value of any benefit or perquisite, whether convertible into money or not, arising from business or the exercise of a profession;]