Follow Us :

Income Tax Deductions

Income Tax Tax Deductions related News, Article, Notification, Judgments covering all section Including Section 80C, 80D, 80TTA, 80HHC, 80JJA

Latest Articles


TDS on Purchase of Property: Section 194IA of Income Tax Act, 1961

Income Tax : Learn about TDS on property purchase under Section 194IA of the Income Tax Act, 1961. Get insights on requirements, payment proces...

June 21, 2024 2268 Views 0 comment Print

Income Tax Deduction Under Section 80C

Income Tax : Discover everything about Income Tax Deduction under Section 80C - eligibility, qualifying investments, maximum deduction, and mor...

June 12, 2024 3621 Views 0 comment Print

Deduction under section 80JJAA

Income Tax : Learn about Deduction u/s 80JJAA: Who's eligible, how much is allowed, and what it means for additional employee costs. Expert ins...

May 9, 2024 3021 Views 0 comment Print

Is NPS Investment Under Section 80CCD Worth it for Salaried Individuals/HUFs?

Income Tax : Explore the worthiness of investing in NPS under Section 80CCD deduction for salary individuals/HUFs. Learn about tax benefits, re...

April 16, 2024 1296 Views 0 comment Print

Deductions under Section 80: A Pathway to Tax Savings for Individuals and Businesses

Income Tax : The Income Tax Act's Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most import...

April 15, 2024 15984 Views 0 comment Print


Latest News


Deduction U/s 35AC available only up to previous year ending 31-03-2017

Income Tax : Section 35AC of the Income Tax Act, as amended by the Finance Act, 2016, provides that no deduction under this section shall be al...

August 19, 2016 14464 Views 9 comments Print

Govt. Plan to phase out deductions under Income-tax Act, 1961

Income Tax : Press Information Bureau Government of India Ministry of Finance 26-November-2015 09:44 IST Date for sending comments by the stake...

November 26, 2015 3992 Views 0 comment Print

CBDT makes Claiming of medical expenditure for tax purposes easy

Income Tax : ne of the pillars of the of the taxation proposals included in the Finance Minister’s budget speech for 2015-16 was extension of...

October 14, 2015 7204 Views 1 comment Print

RGESS – Period, Income Limit Liberalised, Allowed to Invest in MF

Income Tax :  Expanding the scope of deduction and its eligibility u/s. 80CCG The existing provisions of section 80CCG, inter-alia, provide th...

February 28, 2013 2199 Views 0 comment Print

LIC Jeevan Sugam – New Single premium plan

Finance : LIC’s Jeevan Sugam is a non-linked single premium plan wherein the risk cover is a multiple of premium paid by you. On maturity ...

February 27, 2013 14091 Views 0 comment Print


Latest Judiciary


Section 80P(2)(d) deduction not eligible on Interest Income from KDCC Bank

Income Tax : Read the detailed analysis of Laxminarayana Suvarna Credit Co-operative Society Ltd. Vs ITO (ITAT Bangalore) on the eligibility of...

June 16, 2024 591 Views 0 comment Print

Assessee entitled to Section 80G Deduction on CSR Expenditure: ITAT Mumbai

Income Tax : Detailed analysis of Alubound Dacs India Private Limited vs. DCIT case before ITAT Mumbai regarding the allowance of Section 80G d...

June 13, 2024 582 Views 0 comment Print

Section 80M deduction allowed for dividend ‘distributed’ on or before due date

Income Tax : In Purnasons Pvt. Ltd vs. ITO, ITAT Kolkata rules on the allowance of deductions under Section 80M of the Income Tax Act when divi...

June 9, 2024 489 Views 0 comment Print

Section 80-O: Mere Newspaper Cuttings not proves Commercial Expertise sharing  

Income Tax : Bombay HC in Hindustan Export & Import Corporation Private Limited Vs DCIT held that sharing newspaper cuttings alone did not meet...

May 14, 2024 303 Views 0 comment Print

Deduction u/s. 80IC eligible on addition u/s. 68 of unsubstantiated share capital: Delhi HC

Income Tax : Delhi High Court held that benefit of deduction under section 80IC of the Income Tax Act available even in case of addition of uns...

April 5, 2024 267 Views 0 comment Print


Latest Notifications


NFRA Penalizes CA Rs 50 Lakhs for Misconduct in Section 80JJA Report

Company Law : NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for ...

January 3, 2024 51504 Views 0 comment Print

Tax Deduction Relaxation for Ship Lease in IFSC: Income Tax Notification 57/2023

Income Tax : Check out Income Tax Notification 57/2023 issued by the Ministry of Finance, offering tax deduction relaxation for ship lease paym...

August 1, 2023 1410 Views 0 comment Print

Income Tax Circular: Condonation of Delay for Deduction u/s 80P

Income Tax : Circular No. 13/2023-Income Tax: The government allows condonation of delay for filing returns of income claiming deduction u/s 80...

July 26, 2023 5409 Views 0 comment Print

CBDT amends Income-tax Rules for Provisional Approval under Section 80G

Income Tax : CBDT issued Notification No. 34/2023-Income Tax, dated May 30, 2023 & introduces amendments to rule 11AA of Income-tax Rules, ...

May 30, 2023 12414 Views 0 comment Print

CBDT allows donations to PM cares fund through form 16

Income Tax : Submission of certificate for claiming deductions U/s. 80G of the Income-tax Act, 1961 in respect of donation made by an employee ...

April 9, 2020 8928 Views 0 comment Print


Latest Posts in Income Tax Deductions

TDS on Purchase of Property: Section 194IA of Income Tax Act, 1961

June 21, 2024 2268 Views 0 comment Print

Learn about TDS on property purchase under Section 194IA of the Income Tax Act, 1961. Get insights on requirements, payment process, and penalties involved.

Section 80P(2)(d) deduction not eligible on Interest Income from KDCC Bank

June 16, 2024 591 Views 0 comment Print

Read the detailed analysis of Laxminarayana Suvarna Credit Co-operative Society Ltd. Vs ITO (ITAT Bangalore) on the eligibility of interest income from KDCC Bank for deduction under Section 80P(2)(a)(i) of the Income Tax Act.

Assessee entitled to Section 80G Deduction on CSR Expenditure: ITAT Mumbai

June 13, 2024 582 Views 0 comment Print

Detailed analysis of Alubound Dacs India Private Limited vs. DCIT case before ITAT Mumbai regarding the allowance of Section 80G deduction on CSR expenditure.

Income Tax Deduction Under Section 80C

June 12, 2024 3621 Views 0 comment Print

Discover everything about Income Tax Deduction under Section 80C – eligibility, qualifying investments, maximum deduction, and more. Get insights for smarter tax planning.

Section 80M deduction allowed for dividend ‘distributed’ on or before due date

June 9, 2024 489 Views 0 comment Print

In Purnasons Pvt. Ltd vs. ITO, ITAT Kolkata rules on the allowance of deductions under Section 80M of the Income Tax Act when dividends are distributed within the due date.

Section 80-O: Mere Newspaper Cuttings not proves Commercial Expertise sharing  

May 14, 2024 303 Views 0 comment Print

Bombay HC in Hindustan Export & Import Corporation Private Limited Vs DCIT held that sharing newspaper cuttings alone did not meet criteria for sharing commercial expertise under Section 80-0 of Income Tax Act, 1961.

Deduction under section 80JJAA

May 9, 2024 3021 Views 0 comment Print

Learn about Deduction u/s 80JJAA: Who’s eligible, how much is allowed, and what it means for additional employee costs. Expert insights for tax compliance.

Is NPS Investment Under Section 80CCD Worth it for Salaried Individuals/HUFs?

April 16, 2024 1296 Views 0 comment Print

Explore the worthiness of investing in NPS under Section 80CCD deduction for salary individuals/HUFs. Learn about tax benefits, registration process, and investment options.

Deductions under Section 80: A Pathway to Tax Savings for Individuals and Businesses

April 15, 2024 15984 Views 0 comment Print

The Income Tax Act’s Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most important parts. Since its enactment, Section 80 has undergone multiple amendments and additions.

Understanding potential of section 80CCD New Pension Scheme

April 5, 2024 1206 Views 0 comment Print

Understand the potential of Section 80CCD New Pension Scheme and maximize your tax savings. Learn about deductions for employees and employers, practical examples, and more.

Search Post by Date
June 2024
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930