Read all Latest Updates on and about Section 80C of the Income Tax Ac

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Think Twice Before Faking Income Tax Deductions: Govt Tightens Penalties and Prosecution

Kavi Priya

The government has tightened the rules for claiming income tax deductions in Assessment Year (AY) 2025-26 after a large-scale tax fraud was...

ITAT Sustains Additions u/s 68, Denies Deduction for LIC Premium and Tuition Fees; Dismisses...

P2P lending - P2P lending updates - Important points about P2P lending - How to start investing in P2P lending - taxscan

What is Peer-to-Peer (P2P) lending?

ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to...

Are You Concerned of Income Tax Liability? Know More on Income Tax Savings Scheme

Availing Home Loan? Know How to Claim Income Tax Benefit

Borrowing a home loan from a bank is not a simple task, but due to the needs and wants, every individual is ready to avail of Home Loans. If you buy a 2BHK flat in a metro city, a decent house would...

Tax Saving FD Lock-in Period may be Cut Down to 3 Years as Public Sector Banks advocate for Better Credit-Deposit Ratios

Public sector banks are advocating for this reduction in the lock-in period to make fixed deposits more attractive. This request comes amid reports of slower deposit growth compared to credit...

public sector banks - fixed deposit - credit deposit ratios - Certificates of Deposit - credit expansion - taxscan

Are you a House Wife having Savings Deposit? Know Income Tax Exemption for Savings Deposit by House Wives

The Income Tax Act provides individuals different exemptions and deductions to reduce taxable income. Income tax deductions and exemptions apply to housewives. Housewives are generally not taxed...

Tax Evasion v. Tax Avoidance: Know the Difference as an Income Earner

Tax Evasion and Avoidance under Income Tax Laws While they may sound similar, tax evasion and tax planning/tax avoidance carry vastly different legal implications. This comprehensive article...

Tax Evasion - Tax Avoidance - Income Earner - difference between tax evasion and tax avoidance - taxscan

Understanding Section 80C Tax Deductions in India

Section 80C of the Income Tax Act of India provides deductions for certain expenditures and investments, allowing individuals and Hindu Undivided Families to reduce their taxable income by up to Rs...

Tax Deductions - Tax Deductions in India - Understanding Section 80C - taxscan

Union Budget 2019-20: Expecting Tax Reliefs

The interim budget for the 2019-20 will be presented by the Union Finance Minister Piyush Goyal on Friday. As the Loksabha elections are scheduled in May, this will be the last Budget of the incumbent...