Tax Guru

Section 80GGC Deduction Denied for Alleged Accommodation Entries Without Evidence

The issue concerned whether deductions under section 80GGC could be denied solely on investigation inputs alleging ...

Received a message about Section 80GGC deduction from the Income tax department? Here's what to do

The Income tax department has recently sent messages to numerous taxpayers regarding claims of deductions under Section 80GGC ...

Income Tax Savings Through NPS Contributions Under Old And New Regimes

Contributions to the government-approved pension schemes such as the National Pension System (NPS), the Unified Pension ...

How NPS contributions cut your income tax under both old and new regimes

Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...

Budget 2026 should raise limit to Rs 3 lakh for home loan interest, Section 80C deduction, other deductions need revision

With the introduction of the new tax regime, several deductions/exemptions under the Income Tax Act, 1961 have lost much of ...