Section 80U: Deduction for person with disability
Section 80U of the Income Tax Act, 1961 is a provision that provides tax benefits to individuals with disabilities. It …
Section 80G – Deduction for Donation to charitable institutions
Section 80G of the Income Tax Act, 1961 is a provision that allows individuals and organizations to claim deductions on …
18 Most common Deductions to claim in Income Tax Return
Read Detailed explanation: https://taxupdates.cagurujiclasses.com/section-80c-detailed-explanation/#more-365 2. Section 80CCD (1B): Investments up to Rs. 50,000 in NPS (National Pension Scheme). Read Detailed …
Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â
![Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/blog-14-768x432.jpg "Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â")
Any income of a charitable institution or fund which is approved by the Principal Commissioner or Commissioner having regard to …
Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â
![Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-13-768x432.jpg.pagespeed.ic.BeRAZ1xRFv.jpg "Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â")
Income of any university or other educational institution existing solely for educational purposes and not for purposes of profit, and …
Exempt income of a professional association [Section 10(23A)]Â
![Exempt income of a professional association [Section 10(23A)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-12-768x432.jpg.pagespeed.ic.OKR0GeFsJx.jpg "Exempt income of a professional association [Section 10(23A)]Â")
Any income (other than income from house property and income from rendering any specific service or income by way of …
Exempt Income of Local Authority in India
As per Section 2(31) Person for the purpose of Income Tax Act includes inter alia a Local Authority. Meaning: For the …
Exempt Income of research association [Section 10(21)]Â
![Exempt Income of research association [Section 10(21)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-11-768x432.jpg.pagespeed.ic.uEsvczvf_G.jpg "Exempt Income of research association [Section 10(21)]Â")
Any income of a research association, approved under section 35(1)(ii)/(iii) is exempt from tax, if following conditions as specified in …
EXEMPT ALLOWANCES & PERQUISITES UNDER INCOME TAX
Death-cum-retirement gratuity received by Government servants [Section 10(10)(i)] Section 10(10)(i) grants exemption to gratuity received by Government employee (i.e., Central …
Deadline for Higher Pension ends tomorrow: Should you opt for it?
The deadline to apply for higher pension under the Employees’ Pension Scheme (EPS) ends tomorrow ( July 11), unless the …
