Section 80C provides taxpayers investment avenues to claim deductions of up to Rs 1.5 lakh per financial year. So, don’t be swayed by tax benefits alone and pick options that suit your investment horizon and risk appetite.
Section 80C provides taxpayers investment avenues to claim deductions of up to Rs 1.5 lakh per financial year. So, don’t be swayed by tax benefits alone and pick options that suit your investment horizon and risk appetite.
Income tax 2024 proof submission: Employees should declare investment proofs from January onwards. Personal finance experts provide tips for smooth processing and avoiding notices.
The government s new tax regime offers lower rates but eliminates deductions, making it beneficial for those with limited deductions and the old regime better for those with significant deductions.
The apex court said that the market value of any goods would mean the price that such goods would ordinarily fetch on sale in the open market. The core issue raised in a batch of appeals was the recomputation of deduction under Section 80 IA of the 1961 Act by the assessing officer which was set aside by the Income Tax Appellate Tribunal and upheld by the High Courts, which ruled in favour of the assessees.