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...
deduction u/s 80C

Claimed Deduction u/s 80C on Insurance Policy ,Don’t Do This Mistake !

It is very common for people to buy insurance policy -life insurance, unit linked insurance plan (ULIP) for covering risk on the family ....
disability form

Get Disability Certificate Form- 80DD or 8DDB or 80U?

Your search for prescribed forms for disability certificates under section 80DD or 80DDB or 80U ends here. Three sections under I T Act prescribes for deduction...

Claim Deduction of Rs 24000 For Not Getting HRA !

Income Tax Act allows various kinds of deduction under Chapter VI-A to assessees and one of the deduction which is exclusively for the Individuals...
Deduction

Deduction u/s 80CCG : 10 Points to Simplify Deduction under RGESS

Deduction u/s 80CCG is given for investment in Rajiv Gandhi Equity Saving Scheme (RGESS) . The deduction under 80CCG of the Income Tax Act...
deduction_us_80C

80C Deduction on Insurance Premium Limited to 10 % of Sum Assured

This posting is on account of a reader's comment about the allow ability of deduction of premium paid on  insurance products. The question is whether the...

Deduction without Revised Return Can Be Allowed by CIT(A)

When a deduction or allowance which can be legally claimed , however , for any reason not claimed and assessee  came to know about...

Who is Senior Citizen ? 65 or 60 Years Old for Tax Purpose ?

Who is senior citizen for income tax  is a controversial issue  , because the Finance Act 2011 provided a separate tax rates for individuals...

Section 80D Deductions : One Mistake You Should Avoid !

Earlier a video on deduction under section Section 80D which provides deduction  of Rs 15,000 in aggregate is allowed to individual and Hindu Undivided...

Deduction u/s 80DDB Requires Proof of Expendtiure ,Not For 80DD !

Tax deductions u/s 80DD is allowed  to Individuals and Hindu Undivided Family for medical expense on dependent patients  suffering from specified disease like autism,...
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