Do you have old pending ITR’s for which intimation not received yet & refund is awaited? Good news for you
Ministry of finance issued order under section 119 of income tax act to process the pending returns for whom intimation …
Income Tax
New Discard Return under Income Tax active – know About Discard Return
Recently from 27 November 2023 Income Tax Portal introduced a new Return option naming Discard Return under the Tab e …
What is Permanent Account Number (PAN)
What is PAN? PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in …
If you sold your property than section 54 can save your tax
A person wanted to shift his residence due to certain reason, hence, he sold his old house and from the …
Deduction in respect of purchase of electric vehicle (EV’s) – 80EEB
Section 80EEB is a provision under the Income Tax Act, 1961, which provides tax benefits on the interest paid on …
Deduction in respect of royalty on patents – Section 80RRB
Deduction in respect of royalty on patents. 80RRB. (1) Where in the case of an assessee, being an individual, who is— …
Deduction in respect of contributions given by any person to political parties – 80GGC
80GGC. In computing the total income of an assessee, being any person, except local authority and every artificial juridical person wholly …
Section 80CCD – Deduction for Contribution to Pension Funds (NPS & AYP) by employee, employer and voluntary contribution
Section 80CCD of the Income Tax Act, 1961 is a provision that provides tax benefits for contributions made towards the …
Section 80TTB – Deduction of Interest for Senior Citizens
Section 80TTB of the Income Tax Act, 1961 is a provision that provides tax benefits to senior citizens on interest …
Section 80TTA: Deduction for Interest Income
Section 80TTA of the Income Tax Act, 1961 is a provision that provides tax benefits on interest income earned from …
