Tax Act 1961

How do I File an ITR File?

How do I File an ITR File? A Comprehensive Guide!

Business, Finance and Economy, Tax Saving / By / July 26, 2023

We already know filing an ITR for income tax return is a prerequisite for individuals eligible under the income tax slab. However, there can be other more benefits than recording your income & expense in the government portal that the taxpayers get. Filing an ITR gives impeccable tax deductions for some individuals, which ultimately make …

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section 80d limit

Deductions Under Section 80D- Benefits & Works

Finance and Economy, Tax Saving / By / January 20, 2023

Meaning & Benefits of Section 80D:-  A, Definition and key goals of section 80 D:- Budget 2018 increased the deduction amount for parents who are above 60 from Rs 30,000 to Rs 50,000. In compliance with section 80D of the Income Tax Act of 1961, people may write off the cost of their health insurance …

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