Income tax

Updated on : None - None 17 min read.

INCOME TAX AND OTHER

Hindu Undivided Family(HUF)

HUF provides several tax benefits and is often used for effective wealth management and succession planning. In this blog, we will delve deeper into the concept of HUF and explore its significance in contemporary society.

Taxation on Crypto in India

Cryptocurrency taxation in India is a subject that has gained significant attention. This blog explores the tax rules and regulations surrounding cryptocurrencies, shedding light on their classification, tax rates, and reporting obligations in India.

TDS on Salary Under Section 192

Gain a clear understanding of the TDS process, its implications for both employers and employees, and stay compliant with the tax regulations governing salary income.

Contributing in National Pension Scheme

Explore how NPS works, understand the tax advantages associated with it, and discover why it is considered a valuable long-term investment for securing your financial future.

DEDUCTIONS

What is Section 24 AND 80EE and 80EEA

Gain insights into the eligibility criteria, maximum deductions available, and the process of filing the corresponding income tax forms for claiming these benefits.

Income Tax 80-E

Section 80E of the Indian Income Tax Act offers a valuable tax deduction for individuals repaying education loans. In this blog, we explore the significance of Section 80E, explaining its eligibility criteria, the extent of the deduction, and the benefits it provides to taxpayers.

What is Section 80-EEA

Section 80EEA, which provides deductions on interest paid on home loans for affordable housing. Discover how this section can help reduce your tax liability and make homeownership more affordable, making it a must-know for aspiring homebuyers.

80-P Income Tax

Section 80P of the Income Tax Act provides significant tax benefits for certain categories of income earned by cooperative societies and specified entities. This blog explores the provisions of Section 80P, highlighting the various deductions and exemptions available under this section.

What is Section 80-U

Gain insights into how this section aims to support persons with disabilities and understand the financial assistance provided through tax exemptions and deductions.

Income Tax Deduction under section 80C

This blog provides a brief introduction to the various deductions available under Section 80C, including popular investments such as life insurance premiums, provident funds. Discover how these deductions can effectively reduce your taxable income and optimize your overall tax liability.

What is Section 80-CCC?

Section 80-CCC of the Income Tax Act provides tax benefits for contributions made towards certain pension plans. In this blog, we explore the essentials of Section 80-CCC, including its eligibility criteria, contribution limits, and tax deductions.

What is Section 80-CCD?

Section 80-CCD of the Income Tax Act offers tax benefits for contributions made towards the National Pension Scheme (NPS). In this blog, we provide a concise overview of Section 80-CCD, explaining its provisions and the tax deductions available.

What is Section 80-D

Section 80D of the Indian Income Tax Act offers tax deductions for medical expenses and health insurance premiums. In this blog, we provide a brief overview of Section 80D, explaining its purpose and eligibility criteria.

What is Section 80-DD?

Section 80DD of the Indian Income Tax Act provides tax benefits for individuals who have dependents with disabilities. This blog sheds light on the provisions of Section 80DD, explaining the eligibility criteria and deductions available.

What is Section 80DDB

Under this section, understand how this provision helps individuals and their dependent family members in managing the financial burden of certain illnesses while reducing their tax liabilities.

What is Section 80-IA

Section 80IA of the Income Tax Act in India offers significant tax benefits to eligible businesses operating in specific sectors. This blog provides a concise overview of Section 80IA, explaining its purpose, applicability, and the tax incentives it offers.

What is Section 80-LA?

In the details of Section 80LA, we'll learn about the eligibility criteria, benefits, and implications for businesses operating in SEZs. Discover how this section can be leveraged to optimize tax savings and foster growth in SEZs.

What is Section 80-G

This blog provides a brief overview of Section 80G, explaining its significance and the tax deductions available for donations.

What is Section 80-GGC

Gain insights into the tax benefits associated with political contributions and understand how you can leverage this provision to optimize your tax planning.

What is Section 80-GGB

Gain a comprehensive understanding of how this section encourages corporate participation in the political process while offering tax incentives to companies engaged in political donations.

What is Section 80- RRB

This blog provides a concise introduction to Section 80 RRB, explaining its eligibility criteria, the maximum deduction allowed, and its significance in reducing the tax liability for those receiving specified income streams.

What is Section 80-QQB

Section 80QQB of the Income Tax Act is a provision that offers tax benefits to authors of books in Indian languages. In this blog, we delve into the details of Section 80QQB, discussing its eligibility criteria, deductions allowed, and the process for claiming benefits.

Section 80TTA

Section 80 TTA is a significant provision under the Income Tax Act in India, offering tax benefits on interest earned from savings accounts. Discover how you can optimize your tax savings by leveraging this provision and make the most of your savings account interest.

Section 80TTB

Section 80TTB is a provision in the Indian Income Tax Act that offers a tax deduction to senior citizens on their interest income. Understand how senior citizens can benefit from this tax provision and optimize their interest earnings while reducing their tax liability.

Can I Claim HRA for Two Houses in India: Calculate HRA

In this blog, explore the eligibility criteria and guidelines for claiming HRA on multiple houses, along with practical calculations to determine the maximum HRA that can be claimed. Gain insights into optimizing your tax savings while maintaining multiple residences.

INCOME TAX FORMS

What is Form-16

Discover how Form 16 serves as proof of tax deductions, understand the components of the form, and learn how it simplifies the process of filing income tax returns, ensuring compliance with the tax laws of the country.

What is Form 26 AS?

Form 26AS is a comprehensive statement that provides a consolidated view of an individual's tax-related information in India. This blog offers a succinct introduction to Form 26AS, explaining its significance and purpose.

What is Form 60?

Gain insights into the information required in Form 60 and understand its role in ensuring compliance and transparency in financial transactions.

ITR Forms

ITR forms are crucial documents for filing income tax returns in India. This blog provides a brief introduction to the various ITR forms available, their purpose, and the specific categories of taxpayers they cater to.

REGISTRATION

How to Register on Income Tax Portal

Registering on the Income Tax portal is a crucial step for taxpayers in India to manage their tax affairs efficiently. This blog provides a step-by-step guide on how to register on the Income Tax portal. Simplify the process of Income Tax portal registration and take control of your tax obligations seamlessly.

SOURCES OF INCOME

House Property

Gain insights into the key considerations when dealing with house property, whether as an owner or a tenant, and understand the tax implications associated with this valuable asset.

Income From Capital Gain

Gain insights into the different types of capital gains, applicable tax rates, and important considerations for minimizing tax liabilities on capital gains.

Income From other Sources

Gain insights into various sources of income that fall under this category and understand how they contribute to your overall tax liability, ensuring comprehensive awareness of this crucial aspect of personal finance.

UNION BUDGET

Union Budget 2023 for Tax Payers

Stay updated with the latest tax proposals, deductions, and reforms introduced in the budget, ensuring you are well-informed about the financial implications on your personal income and investments.

LOANS

Mortgage: Loans and Types

Whether you're a first-time homebuyer or seeking to refinance, gain valuable insights into the world of mortgages and make informed decisions about the most suitable loan options for your needs.

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