The court held that deductions under Sections 80-IA and 80-HHC can be claimed simultaneously, subject only to an overall cap of 100% of business ...
Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...
Contributions to the government-approved pension schemes such as the National Pension System (NPS), the Unified Pension ...
With the introduction of the new tax regime, several deductions/exemptions under the Income Tax Act, 1961 have lost much of ...
Donating to charities offers tax benefits under Section 80G of the Income Tax Act. The Income Tax Department has clarified rules for these deductions. Taxpayers can claim benefits for donations to ...