This event has been postponed due to some technical issues. All the participants will be informed of the dates when it starts. All the best!
Following are the rules that all the participants need to religiously follow in order to stay in the competition. Non-adherence or violation may result in disqualification without any prior notice.
No plagiarism/copy-pasting. The answers should be unique and in one's own words.
The minimum length of the answer has to be 100 words or more.
The quality and authenticity of each answer shall be analyzed by the LCI quality team individually and the decision of the quality team shall be final. Each qualified answer adds 2 points to your score.
Repetitive answers on the same thread would not add to your scorecard.
Participants have to answer only the unattended queries and not the ones that have already been resolved. The direct link to the unattended queries is here - click here
Plz, keep noting the links of the queries that you have answered so the scores can be matched if needed. To make it easier for us and safer for all, you can drop the links on - email@example.com at the end of the day.
Here is a sample answer for you all to follow - click here
(The legal provisions, case laws and link to an a related LCI article)
Any disrespectful or foul comment in the thread would attract disqualification. The decision of the LCI quality team shall be final.
You can add brownie points to your scorecard as well - Sharing the contest poster and tagging 2 friends (On any social media platform) will win you 10 points. Writing a judgment summary gets you 20 and an article gets you 30.
You can drop a mail at firstname.lastname@example.org in case of any query regarding the contest.
Assessment for ------ purpose of income tax.
8. Assessment for ------ purpose of income tax. (1) For the purposes of computing, under the Income-tax Act, 1961, the total income of an employee, the amount credited to his ledger account in the Additional Wages Deposit Account or the Additional Dearness Allowance Deposit Account Shall not be included in his total income of the previous year in which it is so credited; but so much of 505 the amount as is repaid to him shall be liable to be included in his total income of the previous year in which it is repaid. (2) For the purposes of computing, under the Income-tax Act, 1961, (43 of 1961.) the total income of an employee, the amount repaid to him under this Act shall be deemed to be salary paid to him in arrears and the provisions of sub-section (1) of section 89 of that Act shall apply accordingly Explanation.-In this section, "previous year" and "total income have the meanings respectively assigned to them in the Income-tax Act 1961. (43 of 1961.)