Section 80TTA

Tax Benefits on Health Insurance and Bank Interest

Income Tax - Discover tax-saving opportunities with Section 80D for health insurance premiums and Section 80TTA/80TTB for bank interest. Ensure financial wellness and optimize deductions....

Mistakes to avoid while filing ITR

Income Tax - Avoid common mistakes while filing your ITR. Select the correct form, match income with Form 16 and Form 26AS, disclose necessary details, claim proper deductions, and verify your return promptly. Seek expert advice for accurate tax planning....

What are the deductions allowed under Chapter (VIA) of Income tax Act, 1961

Income Tax - Discover key deductions under Chapter VIA of the Income Tax Act, 1961, including Section 80C, 80D, and 80G. Learn how to optimize your taxable income and benefit from various investment and insurance-related deductions....

Analysis of Section 80TTA of the Income Tax Act 1961

Income Tax - Get a complete analysis of Section 80TTA of the Income Tax Act 1961 & learn when trusts and companies are ineligible for the deduction of up to Rs 10,000. Understand how these deductions apply to individuals & HUFs....

Save income tax on Salary Income

Income Tax - Maximize your income tax savings on salary! Learn how to pay zero taxes and claim a full refund of TDS deducted under Section 192. Explore salary structures, deductions under Section 80C, 80D, 80E, and more. Make informed financial decisions for a tax-efficient financial year-end. ...

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Karnataka HC Directs Govt. to decide on Section 80TTA Limit representation: Deadline Jan 31

Rupesh Srivastava Vs Central Board of Direct Taxes (Karnataka High Court) - Karnataka High Court directs the Government to address petitioner's representation on Section 80TTA limit by Jan 31. Analysis of Rupesh Srivastava Vs CBDT case and its impact....

Income from Nursery Activities Deemed Agricultural, Not Business Income: ITAT

Talshibhai B Narola Vs ITO (ITAT Ahmedabad) - In the case of Talshibhai B Narola vs. ITO, ITAT Ahmedabad ruled that income from nursery activities growing lawns, flower plants, and vegetable plants is agricultural, not business income....

Benefit of indexed cost of acquisition available based on payments dates

Bhupinder Singh Julka Vs ACIT (ITAT Delhi) - ITAT Delhi held that held that benefit of indexed cost of acquisition should be available to assessee based on payments made. Accordingly, AO directed to re-compute gain....

3rd Corrigendum to Income Tax Circular No. 1/2019 Dated.01.01.2019

3rd Corrigendum to Income Tax Circular No. 1/2019 - (08/02/2019) - In Circular No.1/2019 dated 1st January, 2019 on the above-mentioned subject, the provisions of section 8OTTB were inadvertently not correctly explained in para 5.5.12 of the circular. The correct position of the admissibility of deduction under section 8OTTB is provided as under:-...

Recent Posts in "Section 80TTA"

Karnataka HC Directs Govt. to decide on Section 80TTA Limit representation: Deadline Jan 31

Rupesh Srivastava Vs Central Board of Direct Taxes (Karnataka High Court)

Karnataka High Court directs the Government to address petitioner's representation on Section 80TTA limit by Jan 31. Analysis of Rupesh Srivastava Vs CBDT case and its impact....

Tax Benefits on Health Insurance and Bank Interest

Discover tax-saving opportunities with Section 80D for health insurance premiums and Section 80TTA/80TTB for bank interest. Ensure financial wellness and optimize deductions....

Posted Under: Income Tax |

Income from Nursery Activities Deemed Agricultural, Not Business Income: ITAT

Talshibhai B Narola Vs ITO (ITAT Ahmedabad)

In the case of Talshibhai B Narola vs. ITO, ITAT Ahmedabad ruled that income from nursery activities growing lawns, flower plants, and vegetable plants is agricultural, not business income....

Benefit of indexed cost of acquisition available based on payments dates

Bhupinder Singh Julka Vs ACIT (ITAT Delhi)

ITAT Delhi held that held that benefit of indexed cost of acquisition should be available to assessee based on payments made. Accordingly, AO directed to re-compute gain....

Mistakes to avoid while filing ITR

Avoid common mistakes while filing your ITR. Select the correct form, match income with Form 16 and Form 26AS, disclose necessary details, claim proper deductions, and verify your return promptly. Seek expert advice for accurate tax planning....

Posted Under: Income Tax |

What are the deductions allowed under Chapter (VIA) of Income tax Act, 1961

Discover key deductions under Chapter VIA of the Income Tax Act, 1961, including Section 80C, 80D, and 80G. Learn how to optimize your taxable income and benefit from various investment and insurance-related deductions....

Posted Under: Income Tax |

Analysis of Section 80TTA of the Income Tax Act 1961

Get a complete analysis of Section 80TTA of the Income Tax Act 1961 & learn when trusts and companies are ineligible for the deduction of up to Rs 10,000. Understand how these deductions apply to individuals & HUFs....

Posted Under: Income Tax |

Save income tax on Salary Income

Maximize your income tax savings on salary! Learn how to pay zero taxes and claim a full refund of TDS deducted under Section 192. Explore salary structures, deductions under Section 80C, 80D, 80E, and more. Make informed financial decisions for a tax-efficient financial year-end. ...

Posted Under: Income Tax |

Bank Fixed Deposits – Taxability, Deduction & Tax Planning

We know that Bank Fixed Deposits /Recurring deposits are the most trusted instruments for savings in our country. The people generally wants to deposit their hard earned money in bank in FDs/RDs. These instruments generated interest income and same is a  good source of income for senior citizens. The banks and government have came with [...

Posted Under: Income Tax |

Income From Other Sources

INCOME FROM OTHER SOURCES Incomes which does not fall under any of the other head will fall under the head of ‘Income from Other Sources’. INTEREST INCOME: Interest which are accumulates under the Saving Bank shall be mention under the head of ‘Income from Other Sources’ in tax return. Important point here is to be […]...

Posted Under: Income Tax |

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