Benefit of Income tax refund
Benefit of Income tax refund The income tax India has been a prominent player in giving benefits and refunds to the identities who have been filing the income tax return …
Read MoreSection 80d of income tax
Section 80d of income tax Area Section 80d of income tax of the IT Act gives an allowance to the degree of ₹25,000 in regard to the expense paid towards …
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Section – 139, Income-tax Act, 1961-2019 : PROCEDURE FOR ASSESSMENT
Section 139 of the Income Tax Act 1961 is related to several filings for specific individuals and deadlines for any individual and non-individual assessee. Section 139 of the Income Tax …
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Reimbursements
We all have known that the India’s major income tax comes from the service sector employees who have been paying those taxes directly to the governments. So, Trutax would like …
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Exemptions sec 10 HRA
House Rent Allowance, is a part of the service sector for people who are living in rented space. Being part of a salary, HRA is an exception as it is …
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Exemption sec 10 CEA
To improve the literacy rate in the country, the government of India has launched number of tax exemptions that allows citizens of the country to reduce taxes on their incomes. …
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DEDUCTION 80G
Almost all of us sometimes in our lives opt in for charities or doing a thing for a society. It’s a commendable thing to donate to a cause that you …
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Deduction 80TTA
The Section 80TTA gives a derivation of Rs 10,000 on interest monetary benefit to a private and hindu unified family. underneath this segment the derivation is permitted on revenue achieved …
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Deduction 80D
Spending money for your health is the biggest investment in 2020, & COVID-19 made it almost compulsory to focus on it. But government of India has been promoting it since …
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Deduction 80C
Clause 80C of the Income Tax Act of India is a provison that focuses to different consumptions and investments that are excluded from Income Tax. It takes into account a …
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