100 % income tax deduction of profits of eligible affordable housing project: Detailed provisions
100 % income tax deduction of profits of eligible affordable housing project: Detailed provisions Wi...
How to get a Certificate for claiming deduction under Section 80DDB
Taxpayers who have dependants with specified diseases write to us to ask how to get a certificate fo...
Deductions under 80G – IT Act 1961
The need of charity in a resource crunched country like India cannot be undermined. Therefore, in or...
Authors can claim deduction for Royalty Income under section 80QQB
Under section 80QQB of the income tax act, authors can claim deduction on royalty income earned by t...
Who can claim a deduction under section 80DD?
Deduction under section 80DD of the income tax act is allowed to Resident Individuals or HUFs for a ...
“My father and I took a home loan jointly, but the property is in my father’s name. Will I be able to claim deduction for interest?”
Anurag was elated that his job helped his family buy a house. Anurag and his father pooled in their ...
All about claiming deduction on interest under section 80TTA
Section 80TTA provides a deduction of Rs 10,000 on interest income. This deduction is available to a...
Can I claim renovation expenses as a deduction while calculating capital gains?
At the time of calculating capital gains, expenses incurred towards renovation or cost of improvemen...
ANALYSIS OF SECTION 80C DEDUCTION
Section 80C deduction is best source of tax planning, which also motivates individuals to save for t...
Transport Allowance doubled, also for the differently abled
Transport allowance is paid to an employee for the purpose of commuting between the place of residen...