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 …
tax
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)]
![Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-14-768x432.jpg.pagespeed.ic.nuq9z5fgT9.jpg "Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]")
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)
![Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)](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)")
Income of any university or other educational institution existing solely for educational purposes and not for purposes of profit, and …
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)]
![Exempt Income of research association [Section 10(21)]](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)]")
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 …
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 …
