13 Mar 2018
Section 80G allows savings in Income Tax in case of contributing a specified amount to Charitable trust notified under IT act.
Deduction under this section is not restricted to any specific category of persons/ assesses. This deduction can be availed by any assessee who makes a donation to the notified institutions and the relief fun.... more
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RK & Associates
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15 Year 9 Month experience
CA Firm •
100% (2 votes) •
15 Year 9 Month experience
Section 80G allows savings in Income Tax in case of contributing a specified amount to Charitable trust notified under IT act.
Deduction under this section is not restricted to any specific category of persons/ assesses. This deduction can be availed by any assessee who makes a donation to the notified institutions and the relief fun.... more
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10 Mar 2018
Deductions under 80E is allowed for repayment of educational loan. If an individual has taken education loan and is repaying it then he can claim a deduction on the Repayment of interest on the Education loan under section 80E of the Income Tax Act.
Section 80E only enables the Repayment of interest not repayment of the prin.... more
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Finance feed by:
CA Sushil Modi
M.com,CA
CA in Job • 17 Year 11 Month experience
M.com,CA
CA in Job • 17 Year 11 Month experience
Deductions under 80E is allowed for repayment of educational loan. If an individual has taken education loan and is repaying it then he can claim a deduction on the Repayment of interest on the Education loan under section 80E of the Income Tax Act.
Section 80E only enables the Repayment of interest not repayment of the prin.... more
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9 Mar 2018
"This section allows deduction from gross total income for contributions made to pension schemes of the Central Government".
As per section 80CCD (1), the deduction will be allowed for contributions made to notified pension scheme if the same does not exceed:
a) Ten per cent of the salary in case of an employee.... more
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RK & Associates
CA Firm • 100% (2 votes) •
15 Year 9 Month experience
CA Firm •
100% (2 votes) •
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As per section 80CCD (1), the deduction will be allowed for contributions made to notified pension scheme if the same does not exceed:
a) Ten per cent of the salary in case of an employee.... more
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7 Mar 2018
The most widely used option to save income tax is section 80C of the Income Tax Act. As per this section, if an individual or Hindu Undivided Families (HUFs) invests in or spends on specified avenues then up to Rs 1.5 lakh, as per the current laws, of this investment/expenditure can be claimed as a deduction from gross total income before calculati.... more
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CA Rahul Agarwal
B.com (Hons),CA
CA in Practice • 15 Year 6 Month experience
B.com (Hons),CA
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6 Mar 2018
From July 1, 2017, any seller who wants to sell across India needs to enroll for GST (Goods and Services Tax), except if the seller sells goods or services under exempt categories. The GST registration process is entirely paperless which means that it will take place online or digitally. There will not be any hard copies or physical print outs requ.... more
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CA Akash Agarwal
B.com (Hons),CA
CA in Practice • 100% (2 votes) •
14 Year 4 Month experience
B.com (Hons),CA
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