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Disability Deduction u/s 80U simplified in six steps !

Section 80U of the I T Act provides deduction to person sffering from specified disability by at least to the extent of 40 % or in case of sever disability , 80 % suffering. For claiming deduction,you ought to have the certificate first , before you can claim the deduction u/s 80U. As per Rule 11A of I T Rules, medical authority for issuing certificate of disability are
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10 FAQs on Sec.80D Deduction & Updated Video

Section 80D of the Income Tax Act provides deduction to an Indiaviual for any expenditure on health insurance  , preventive health check ups  of...

Claim Tax Deduction for Buying Medicine for Your Parents or Maybe Yourself Also !

Well , this headlines maybe quite interesting for many taxpayers in India .Many of us have parents who are quite old and only big...

30% Deductions for All Business Falling Under Tax Audit

The intention of the present-day government to create jobs is clearly  visible as they have provided incentive to create , recruit the new workforce . More...

Tax Deduction Savings Can be Up to Rs 2 Lakh From This Year...

This is a good news for everyone , specially salary class and common taxpayers who were till now had the facility of tax deduction savings...

Accrued Interest in PPF & PF Eligible for 80C Deduction from 01/04/2003 !

The interest on PPF accrues to an account holder and again earns interest . Similar is the case with provident fund. Now , if...

What Are The Diseases Covered Under Section 80DDB?

The deduction under section 80DDB for treatment of specified diseases under Income Tax Act provides relief  to a tax payer who is spending on...
Late Fee

Late Fee paid in Addition to Premium on LIC Policy Is Eligible for Deduction...

One of the premium subscriber of this site , Sri Luxminarayan Bhattad  , has asked "whether late fee paid in addition to premium on...
http://taxworry.com/section-26-property-owned-by-co-owners/

Can Wife Claim Deduction of Interest & Under Section 80C Despite Husband Paying...

Me and My husband have taken a home loan last year. It was a joint loan on a property. EMI is paid from my husband's salary account. Can I take tax benefits for it even though I am not contributing to paying EMI. The interest statement has names of both of us. Rashmi, Delhi Yes
section 80EE

3 Scenarios : Section 80EE Can Provide Extra Rs 1 Lakh Deductions !

Section 80EE of the Income Tax Act is a new provision allowing deduction upto Rs 1 lakh from gross total income for interest on...

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