One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations ... the Income Tax Department and provides a Form 10BE certificate. This form serves as proof ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

Post Office Savings Schemes in India offer secure investment options with assured returns and tax benefits under Section 80C of the Income Tax Act. The schemes, including PPF, NSC, SSY, SCSS, and ...

Please note that the benefit under Section 80C is available if you opt for the old tax regime, and it is not available under the new tax regime, which is the default option. Please read all our ...

The simplified Income Tax Bill, which is half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by minimising the scope of litigation and fresh interpretation, the Income Tax ...

One of the major advantages of the old tax regime is the House Rent Allowance (HRA) exemption under Section 10(13A), which helps salaried individuals significantly reduce their taxable income.

Income Tax Appellate Tribunal (ITAT ... the claim of the assessee on the ground that benefit of section 80-IA of the Act is not available to the assessee if the assessee does not e-file Form 10CCB ...

Federal income taxes for individuals apply to all forms of earnings ... Income Tax? President Abraham Lincoln imposed the first federal income tax by signing the Revenue Act on Aug. 5, 1861.

Income Tax case: Section 158AB of the Income Tax Act, 1961, was introduced to reduce repetitive litigation by deferring certain appeals when an identical question of law is pending before the ...