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What are Exempt income under income from other sources?
Exempt interest and exempt dividends from qualified municipal bonds.
Under which section is dividend income exempt according to Income Tax Act 1961?
Under section 10(34) dividend form a domestic company OS exempt.
PPF interest is exempt under which section of Income Tax Act 1961?
section 10(11)
What is the yearly minimum income needed to pay incomes taxes?
Depends on state-generally under 3k to be exempt.
Under what circumstances is a bond exempt from all taxes?
If the municipal bond is issued by the jurisdiction in which the bondholder resides, the interest is tax-exempt from both the federal government and the state government. If there is a local income tax, the interest is tax-exempt at this level, too.
Under which section donation is disallowed?
Under section 123 of donation act
Can an income judgment attach themselves to your SSD and Miliary disability?
Generally, courts consider federal disability income to be exempt from garnishment. Disability income includes Social Security disability, or SSI, and most federal pension benefits are also exempt from judgments. Military and federal student benefits fall under the same category.
Can VA disability income be used in calculating income for a bankruptcy filing?
no , because it falls under the federal exempt laws. example income from Social Security Dis. Child support, Rail Road funs etc.
What business entities are exempt from HRA's?
From an Indian Income Tax perspective, only Individuals can claim exemption under HRA not business entities
What is third party sale is called as export or not under income tax and that is exempt under sec 10aa?
third party sale is tax free or not uner sec 10aa
How are IT positions classified as exempt or non exempt?
IT people come under 'Exempt' Category.
Are company pension payments and social security income exempt from collection through legal judgments?
AnswerMost pension benefits or at least a portion thereof are exempt from creditor attachment. All SS benefits including SSD and SSI are totally exempt under federal law from judgment action.
