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Tax Deduction

May 2025 Income Tax Compliance Calendar: Key Dates and Deadlines

Kavi Priya

May 2025 is an important month for businesses, government offices, financial institutions, and charitable organizations when it comes to fulfilling...

Section 80JJAA - Employment Generation Incentives - Employment - taxscan

Section 80JJAA: Know All About Employment Generation Deduction

ITAT disallows Tax Deduction claimed u/s 35(1)(ii) for Donation to Unapproved Scientific Research...

Section 80GGC Income Tax Deduction: Detailed Explanation

Cryptocurrency taxation in India - Tax for Cryptocurrency - Cryptocurrency tax updates - taxscan

How are Cryptocurrencies Taxed in India?

PAN 2.0 Project Decoded: All that You as Citizens, Business Owners and Tax Professionals Need to Know

In a world where digital transformation is the buzzword, the Indian Income Tax Department has taken a significant step with the PAN 2.0 Project. Approved by the Cabinet Committee on Economic Affairs...

PAN 2.0 - Business Owners - Tax Professionals - taxscan

How to Save Tax with Health and Life Insurance Policies?

Health and life insurance offer much-needed respite during an emergency and help save on taxes and attain financial goals. Due to this dual benefit, they are preferred over regular tax-saving...

How - Save Tax - Health - Life Insurance Policies - taxscan

ITR Filing 2024: Paying Interest on Educational Loan? Here's How you can Claim Income Tax Deduction

Introduction If you've been paying interest on an educational loan in the tax year 2024-2025, you can benefit from tax deductions under Section 80E of the Income Tax Act. In India, higher...

How to Claim Tax Deduction on Donation Under Income Tax Act,1961?

Donating to charity is an act of serving society. The government extends its full support towards charitable services by providing tax deductions on the amount of Donations made. Section 80G of the...

how to claim tax deduction - tax deduction - income tax act - income tax - Tax Deduction on Donation Under Income Tax - tax news - TAXSCAN

[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE

Individuals owning residential properties are referred to as homeowners, Homeowners are provisioned with certain legal rights and obligations. Tax Deduction on Home Loans is one such avail proffered...

Promoting Electric Mobility: Government Offers Tax Exemptions and Benefits for Electric Cars

The budget 2024 introduces various tax incentives, deductions and benefits for electric car buyers, considering the huge demand for tax deductions on electric vehicles and the push for a greener...

Promoting Electric Mobility - Government - Tax Exemptions - Benefits - Electric Cars - taxscan

Maximizing Savings: How to Leverage 80D Deduction for Health Insurance in 2024

Overview As the financial year comes to an end, now it’s the time to optimise tax savings. And, Health Insurance proves to be a crucial tool as it is not only designed to manage medical costs but...