Searched for
SECTION 80DDB
Rs 27K income tax liability became Rs 9.44 lakh: Pune taxpayer claims fake deductions of Rs 10.65 lakh; taxman imposes 200% penalty; ITAT upholds fineA Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for political donati...- ITR filing FY23-24: Want to reduce tax outgo? Know which deductions you can claim in old and new tax regimeIncome tax return: While filing ITR you can claim certain tax deductions to reduce your total income tax outgo and increase the tax refund ...
- Tax benefits: Section 80DDB allows tax benefits for specified illnesses; know details here
- Section 80DDB tax benefits for specified illnesses: 5 things to knowSection 80DDB offers a beneficial tax deduction for medical expenses for treatment of specified diseases.
- Senior citizens want Budget 2023 to hike income tax deductions, free 60 plus from ITR filing burdenAmid high inflation and rising cost of healthcare, senior citizens are hoping for a slew of measures from Finance Minister Nirmala Sitharam...
- How to save income tax via medical expenditures under sections 80D, 80DD, 80DDB, 80UMedical expenditures for certain specified diseases provide tax benefits under the Income-tax Act. Section 80D, 80DD and 80DDB and 80U of t...
- Medical expenses that can be claimed as tax break under section 80DDBThe deduction under section 80DDB can be claimed irrespective of whether you have paid a premium for a health insurance policy or not. The ...
- Tax deductions, exemptions not available in new tax regimeHere is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.
- Quick tax-saving tipsHere are tax breaks you can claim on various incomes and expenditures under different sections of the Income-tax Act, 1961 that can reduce ...
- ITR filing: 5 things you should know about section 80DDB deductionsOne can claim deductions either for himself or dependents which can be one’s spouse, parents, children or dependent siblings or members of ...
- My wife and I are senior citizens. Can I claim tax sops for medical treatment under Section 80DDB?The deduction under section 80DDB can be claimed only by the taxpayer who is a resident of India during the relevant previous year.
- Tax queries: My wife is currently studying. Can I claim I-T deduction on tuition fee that I pay for her?Deduction under Section 80C is allowed only for the tuition fee of only up to two children, provided their educational institution is situa...
- Budget 2018 proposes tax, other benefits for senior citizens: Rs 50,000 interest income exemptedInterest up to Rs 10,000 from all savings bank accounts, whether held with a bank or post office, is applicable for tax deduction under Sec...
- Filing income tax return? Don't miss these 9 tax breaksYou can claim deductions you might have failed to while submitting your investment declarations. Read on to see how you can maximise your t...
- Budget 2018: FM proposes to enhance deduction for medical treatment for seniorsThis deduction is available on the expenditure incurred by a taxpayer on the treatment of specified diseases for self or spouse, and depend...
- Claiming tax benefit on serious ailments such as thalassaemia, cancer, AIDS and haemophilia as expenses made easyFinance Ministry has made it easier to claim tax benefit on expenditure with regard to serious ailments like thalassaemia, cancer, AIDS and...
- Benefits for senior citizens in Budget 2015Another benefit for the elderly is in terms of the increase in deduction in health insurance premium and medical treatment.
- Tax planning does not end with Section 80CIt's that time of the year again when one needs to begin calculating their tax liabilities. However before you do so, remember to analyze t...
- Your tax-saving investments: Choice should be based on your needs and investment horizonThe Section 80C offers a wide range of investing options, but your choice should be based on your needs, risk profile and investment horizo...
- Query corner: TaxOur expert helps you Understand the Complexities of Tax In This Weekly Column.
Load More
