This article is tied in with
asserting deduction on interest under Section 8oTTA. On the whole, what is
80TTA?
Section 80TTA gives a deduction of
Rs 10,000 on interest income. This deduction is accessible to an Individual and
HUF.
Tuesday, 28 July 2020
Monday, 27 July 2020
Before we begin to understand
whether the deduction for NPS under the new tax framework is accessible or not
it is basic to understand the sorts of deduction accessible for contribution to a NPS Fund.
Sunday, 7 June 2020
After Budget 2020,
what are the NPS tax benefits under Sec-CCD (1), 60 CCD (2) and 60 CCD (1B)
and especially if you have chosen a new tax discipline? Let's understand the
changes in detail. You all know that the government introduced a new tax system
during the 2020 budget.
Thursday, 4 June 2020
Under the straightforward system, it's impossible to say some concessions and exemption.
In the Budget 2020
has introduced a simple personal tax system to reduce the tendency of
income tax income of individuals. This new regime provides an option for
individuals to pay taxes at a reduced rate subject to certain discounts
and rebates.
Saturday, 30 May 2020
Introduce new Section 115BAC in 2020 budget
In the 2020 budget,
Finance Minister Nirmala Sitraman announced a new tax system to further
reduce tariffs and tax rates. It has long been claimed by most
taxpayers, but it took up the issue of removing all available exemptions
and exemptions.
Friday, 29 May 2020
Under the simple system, it is not possible to claim some concessions and exemption.
In the Budget 2020 has introduced a simple personal tax system to reduce the tendency of income tax income of individuals.
This new regime provides an option for individuals to pay taxes at a
reduced rate subject to certain discounts and rebates. The following is a
quick comparison of tax rates.
Tuesday, 26 May 2020
In the latest budget in 2020, the finance minister announced
that the limit on tax incentives on interest paid on borrowed funds for
self-acquired houses would be increased.
Subscribe to:
Posts (Atom)
