The Finance Ministry has issued a clarification amidst the dissemination of misleading information on social media…
Tag: income tax deduction
Donations For Ram Mandir Now Eligible For Income Tax Deduction
New Delhi: In a recent development, the Income Tax department has clarified that donations made for the…
IT dept unearths alleged tax violations in Bengaluru
The Income Tax Department said on Wednesday that it has come to know about almost non-permitted…
Interest on personal loan can be claimed as income tax deduction in certain cases
How can I avail tax benefit for the personal loan taken? Can I claim any benefit…
Budget 2022: Will LIC premium be cheaper? Higher deduction on life insurance above 80C?
The salaried middle class taxpayers are expecting a ‘populist’ budget in 2022 from Finance Minister Nirmala…
Income Tax Deduction under Section 80D for Senior Citizens – Explained
I am a senior citizen covered under health insurance of parents carried by my daughter. I…