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Income Tax

Practical guides to returns, tax audit, assessments and notices.

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Income Tax

485 articles
Retirement Leave Encashment under Section 19

Retirement Leave Encashment in Tax Year 2026-27: Four Limits and Earlier Claims

For non-government employees, retirement leave encashment is subject to four limits and a reduced aggregate ceiling where earlier claims exist. Build the tax-year 2026-27 section 19 working from the leave ledger, ten-month salary average and prior exemption history.

By Team assureOffice
Dividend Expense Deduction: Section 93 and Legacy Section 57

Dividend Interest Deduction Ends from Tax Year 2026-27: Section 93 vs the Old 20% Cap

Finance Act 2026 removes the interest-expense deduction against dividend and specified unit income under section 93. Separate the tax-year 2026-27 computation from the legacy section 57 working for FY 2025-26, and reconcile gross income, costs and TDS.

By Team assureOffice