Deduction under section 80C includes combined deduction limit of ₹ 1,50,000 Income Tax: The last date to file the income tax return (ITR) for FY 2024-25 will soon expire on September 15. If you have ...

Income Tax deduction on donation: Do you give donations to charitable institutions? If yes, you can claim a tax deduction under Section 80G of the Income Tax Act, 1961. The IT department has released ...

The Income Tax Department has issued a new set of FAQs to resolve uncertainties around tax deductions for donations under Section 80G of the Income Tax Act, 1961. The FAQs shed light on what counts as ...

The Tribunal held that CSR expenditure disallowed under Section 37 does not bar deduction under Section 80G. Donations to eligible institutions remain deductible unless specifically excluded by ...

Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any ...

Most deductions claimed by taxpayers are under Section 80C, and its expected that deduction limit will be hiked in Union ...