The court held that deductions under Sections 80-IA and 80-HHC can be claimed simultaneously, subject only to an overall cap of 100% of business ...

With the introduction of the new tax regime, several deductions/exemptions under the Income Tax Act, 1961 have lost much of ...

A donation is the actual amount of money donated to a charitable organization, trust or fund. However, a deduction is the tax ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The Central Government of India ...

Section 80G provides tax relief for sums donated to certain approved funds, charities, and similar bodies, subject to strict ...

Health insurance is not merely a money-insurance mechanism but a very essential investment in your well being and the well ...

The issue was whether the entire Section 80JJAA deduction could be rejected when some employees failed the 240-day condition. The Tribunal held that only ineligible employees’ costs can be disallowed, ...

Taxpayers opting for the old tax regime can continue to claim deductions on donations made to eligible charitable ...