Tax Deduction: Latest News and Updates, Top Stories, Videos, Photos About Tax Deduction

Investment Declarations Round The Corner: Here's Why Tax Planning Is Important; How To Unlock It

As the new year picks pace, it's easy to get caught up with commitments ahead. However, it's crucial to spare a thought for your financial well-being, specifically focusing on income tax planning. The Finance Departments of many companies start sending reminders ...

Indian Households Wishlist From Budget 2022

As all eyes are set on the mega Budget event slated to be presented in the Parliament on February 1, 2022, here are top expectations or wishlist of Indian households from the upcoming budget. Before we go on to list ...

Do You Know With Term Insurance Premiums, You Can Save Tax: Learn How

Aren't we all agree that insurance is great? Did you realize, though, that term insurance can help you save money on taxes? If you're a tax nerd, you should study the Income Tax Act's Section 80C, which basically outlines all the ...

Did You Know Buying an EV Can Save You Money On Taxes? Know-How

EVs are not only cost-effective, but they also have tax advantages in India. Non-electric vehicles for personal use are considered luxury products under Indian tax laws, therefore salaried professionals do not receive any tax benefits on auto loans. However, to encourage ...

Did You Know You Can Reduce Your Tax Bills Using ELSS? Read To Know How

If you are looking to save taxes and build wealth through equities. ELSS might just be your thing. What is that, you ask? We are talking about equity-linked saving schemes (ELSS). Mutual Funds or ELSS, both are the same. A diversified ...

You May Not Get Tax Deduction Benefit Even If You Invest In ELSS By March 31, 2021: Here’s Why?

Other than facilitating wealth generation, ELSS or equity linked savings saving are popular among individuals for their tax deduction benefit extended as part of Section 80C. But now even if you make the investment under the avenue by March 31, 2021, ...

Should ELSS Investments Be Made In The New Tax Regime Without Tax Deductions?

Given the volatility in stock markets for the last couple of months and the budget proposal of disallowing tax deductions in the new tax regime, investors have a rather obvious dilemma of whether or not to continue with ELSS or equity ...

Last Date to Claim Deduction u/s 80EEA Extended to 31st March 2021

In her speech on Budget 2020, Finance Minister Nirmala Sitharaman discussed expanding the date on which home loans are eligible for affordable housing projects until 31 March 2021. The timeline for taking advantage of such home loans now is March 31, ...

Budget 2020: Expectations of Senior Citizens

Senior citizens have their own set of expectations from the upcoming Budget 2020 which is a challenge for the current government, nonetheless, senior citizens who want to earn good returns on their invested money while also keeping it safe with no ...

Best 5 Tax Saving Options With Good Return For Risk-Averse Investors

It's time again for you to be aggressive if you are not through with your tax planning exercise for the FY 2019-20. And if you are among those who prefer moderate or less risky investments, here are listed some of the ...

Buying Electric Vehicle On Loan: You Become Eligible For Additional Tax Deduction

To promote the use of electric vehicles in the country, the government this year in the Union Budget 2019 introduced an additional income tax deduction of Rs. 1.5 lakh on interest payment against loan taken to purchase electric vehicle. For the ...

Claiming Deduction U/s 80G: Key Change From AY 2018-19 That You Should Know

Basically everyone as per their capabilities wish to contribute for some good cause as in a catastrophic event of a natural disaster or to some NGO etc. And in lieu of such donations made taxpayers are allowed a rebate as they ...

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