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Death Cum Retirement Gratuity Form

Death Cum Retirement Gratuity Form

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Instructions and help about Death Cum Retirement Gratuity

good day to all today's topic of presentation is on tax free incomes the course name is direct tax one unit three this is for the bcom students of mangalore university we have already discussed about agriculture income which is covered under section 10 subsection 1. share of income of members from the hindu undivided family business covered under section 10 subsection 2. share of income of partners from the firm section 10 subsection 2a now in section 10 subsection 2 and section 10 subsection 2a it is exempt from tax for a simple reason is the hindu undivided family business as well as the firm pays the tax on its income after payment of tax on its income the balance of the amount is distributed among the members of huf or distributed among the partners in a firm hence share of income of members from huf is exempt from tax under section 10 subsection 2 and chair of income of partners from the firm is exempt under section 10 subsection 2. let's move on to the next concept we have leave

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