Latest Income tax updates and news in India
Interest earned on Saving Bank Account is Taxable subject to deduction under section 80TTA. What is Section 80TTA?Section 80TTA of the Income Tax Act 1961 provides a deduction in respect of interest earned on savings account. Who is eligible to Claim Deduction under section 80TTA?Deduction under section 80TTA is available only to Individual and HUFs
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In the ever-evolving landscape of income tax deductions, Section 80EEB takes center stage by encouraging eco-friendly choices. This section caters to individuals who have opted for electric vehicles, providing a unique avenue for tax savings. Understanding Section 80EEB Eligibility Criteria: To be eligible for the deduction under Section 80EEB, the taxpayer must meet certain criteria.
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