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 …
ITR
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 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 80E: Deduction of Interest on Education Loan
Section 80E of the Income Tax Act, 1961 is a provision that offers tax benefits on the repayment of education …
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 UNDER INCOME TAX FOR NON RESIDENTS, FOREIGN COMPANIES ETC.
Certain interest to non-residents [Section 10(4)] As per section 10(4)(i), in the case of a non-resident any income by way …
Top 17 Tax Free Incomes under Income Tax
1. Agricultural Income [Section 10(1)] As per section 10(1), agricultural income earned by the taxpayer in India is exempt from …
New Late fee on GSTR-9 (GST Annual Return) & GSTR-9C from FY 2022-23 onwards
Late Fee/Penalties for Non-Filing GSTR-9: Failing to file GSTR-9 or filing it after the due date can attract penalties and …
