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 …
tax updates
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 …
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/blog-13-768x432.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 …
