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 …
income tax
GSTR-9 Optional & Mandatory Tables for FY 2022-23
Just Like FY 2020-21 & 2021-22 for FY 2022-23 also CBIC notified Mandatory and Optional Tables of GSTR-9 and 9C …
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 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 …
Cost Inflation Index from F.Y. 2001-02 to F.Y. 2023-24
The cost inflation index (CII) is used to calculate the indexed cost of acquisition and indexed cost of improvement for …
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 …
Section 80GG: Deduction of Rent Paid
Very few taxpayers are aware about this section, while this section has lots of benefits and available for Salaried as …
