Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...

Contributions to the government-approved pension schemes such as the National Pension System (NPS), the Unified Pension ...

The court held that deductions under Sections 80-IA and 80-HHC can be claimed simultaneously, subject only to an overall cap of 100% of business ...

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 ...

Section 80C deduction on premiums, tax-free 10(10D) death benefit, rider deductions. High coverage, low premiums for family ...

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 ...

With the introduction of the new tax regime, several deductions/exemptions under the Income Tax Act, 1961 have lost much of ...

The Court held that reassessment was invalid where deduction under Section 80P(2)(d) was lawfully claimed by a co-operative society. It ruled that interest from co-operative banks remains deductible ...

Donating to charities offers tax benefits under Section 80G of the Income Tax Act. The Income Tax Department has clarified rules for these deductions. Taxpayers can claim benefits for donations to ...