Commissioner of Income Tax (Appeals)-52, Mumbai passed u/sec.143(3) and 250 of the Income Tax Act,1961. The assessee has raised the following grounds of appeal: On the facts and in the circumstances of the case as well as in law, learned CIT(A) erred in confirming the disallowance...
Understand income tax deductions in India. Check out the various tax deductions on rent, health insurance, education loan, donation, capital gains & much more.
“How Income Tax is Calculated on Salary?”– Navigating the labyrinth of income tax calculation in India, particularly for salaried individuals, can be akin to solving a complex puzzle. Fear not, for it’s a crucial puzzle to unravel in the realm of personal finance. Income Tax Calculator s...
80CCC, 80CCD, 80D (medical insurance premium), 80E (deduction of interest on education loan), 80G (donations), Section 80EE etc.. You were already providing the information about tax deduction to your employer but now it would be in Form 12BB as shown in ...
Hi Expenditure incurred on vertebral surgery for a dependent mother is allowed under 80D or 80DDB The mother is covered by health insurance only for part of the total surgery expense and the remaining is incurred by the assessee on behalf of his mother C
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Section 80TTA is shown inDeductions under Chapter VI-Aalong with 80C, 80D. Our articleInterest on Saving Bank Account : Tax, 80TTAdiscusses it in detail.You need to add interest from all your saving accounts to Income from other sources and then claim deduction under section 80TTA.If your...
TAX TREATMENT OF PENSION RECEIVED The pension amount received by the assessee or his nominee as pension will be taxable in the year of the receipt. DEDUCTION IN RESPECT OF CONTRIBUTION TO PENSION SCHEME OF CENTRAL GOVERNMENT (SEC. 80CCD) ...
Click the e-filing menu and then select the ‘Income Tax Return’ link. On the next page, your PAN will be auto-populated. Select the assessment year, ITR form number, Filing type (original or revised return), and select the submission mode as ‘Prepare and submit online. ...
Can tax audit attract if we not adopt section 44ada and file itr 3 i e showing all particular balance sheet profit and loss account and our turnover is less than 50 lakh as a doctor and our profit is less tha 50 also - Income Tax