Infrastructure Bond for 80CCF to Flood Market During FY 2011-12

Section 80CCF provides Rs 20,000 extra deduction for subscribing long-term infrastructure bond . The Government has , now notified vide Notification No. 50/2011 ,...

Deduction Allowed if You Treat Waste to Good Use !

Deduction u/s 80JJA is one of the environment friendly provision under Income Tax Act under which deduction in respect of profits and gains from...

Is deduction u/s 80C of principal repayment of loan borrowed for repairing or renovation...

Section 80C of the I T Act allows deduction of principal amount of loan borrowed for the purpose of home construction. Mehboob of Jammu...

80DD: Claim Deduction Without Proof of Expenditure !

Section 80DD of the Income tax Act provides deduction for medical expense on self and relatives  , suffering from specified disease or from disability....

Can a second holder of the joint account claim deduction u/s 80C or 80CCF...

Let us say you want to invest in tax saving fixed deposits which gives you deduction u/s 80C . Let us say , your...

Deduction of interest u/s 80E on educational loan simplified in six steps !

Therefore tax planning is a must for all tax payer. One of the best way to save tax for those tax payers who have children who are either just entering college or going to take professional degree course, must think about not investing his own savings in education. Rather he should take the educational loan which is easily available these days. Thus , for at least 8 years he /she will have ways to deduct the income which will grow in future years. So here is the complete provision about deduction u/s 80E.

Claim additional deduction of Rs 20,000 u/s 80CCF for investment in bonds

The Finance Act2010 introduced a new deduction u/s 80CCF for deduction up to the extent of Rs 20,000 for investment in...

Deduction of securties transaction tax (STT) from business or capital gainssimplified !

The Rule of STT deduction from business income and capital gains are not same. While computing gains from share transactions whether treated as capital...

CBDT issues circular for income tax deduction u/s 80IA on road widening project

80IA of Income Tax Act now have widening of road projects as eligible work for claiming income tax deductions.  CBDT has issued circular no...

Can HRA exemption, 80C deductions & Interest deduction be claimed together?

House rent allowance exemption and interest deduction including 80C deduction for payment of principal amount of loan is one of the most sought after...
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