ca guru ji - CA GuruJi

Section 80E: Deduction of Interest on Education Loan

July 19, 2023July 11, 2023 by Pooja Gupta

Section 80E of the Income Tax Act, 1961 is a provision that offers tax benefits on the repayment of education …

Section 80U: Deduction for person with disability

July 19, 2023July 11, 2023 by Pooja Gupta

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

May 29, 2024July 11, 2023 by Pooja Gupta

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

July 20, 2023July 10, 2023 by Pooja Gupta

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)]

July 19, 2023July 10, 2023 by Pooja Gupta

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)

July 10, 2023 by Pooja Gupta

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)]

July 10, 2023 by Pooja Gupta

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

July 10, 2023 by Pooja Gupta

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)]

July 10, 2023 by Pooja Gupta

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

July 19, 2023July 10, 2023 by Pooja Gupta

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 …