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10 February 2020Nontaxable income under a tax treaty cannot be reduced from book profits for the computation of Recently, the Delhi bench of Income tax Appellate Tribunal (the Tribunal) in the case

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Determine the sources of your non-taxable income such as scholarships, certain types of grants, gifts, inheritances, and proceeds from life insurance policies.

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Individuals who have received non-taxable income under a need to report it on their tax return to ensure compliance with tax laws.

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What is non-taxable income under a?

Non-taxable income under a refers to income that is not subject to taxation by the government.

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Individuals who have non-taxable income under a are required to file it with the appropriate tax authorities.

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The purpose of non-taxable income under a is to accurately report income that is exempt from taxation, providing transparency in financial records.

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All sources of non-taxable income must be reported on non-taxable income under a, including details such as amount, nature of income, and any supporting documentation.

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