Deadline Alert! Last two weeks left to invest in tax-saving instruments. 5 key points to know
To be able to claim income tax deduction for FY 2024-25, taxpayers must invest in a tax saving scheme given in the relevant ...
Advance Tax Deadline 2025: March 31, last chance to save tax & avoid excess deductions
Learn how to save income tax before the March 31 deadline by submitting investment proof. Avoid excess TDS deductions, claim ...
Tax Guru10d
ITAT Allows Section 80G Deduction for CSR Donations to PM Relief Fund
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that Corporate Social Responsibility (CSR) donations made to the Prime Minister’s National Relief Fund (PMNRF) qualify for ...
Tax Guru3d
ITAT Mumbai Allows CSR Deduction Under Section 80G
Mumbai has upheld the order of the Commissioner of Income Tax (Appeals) [CIT (A)] in the case of ACIT vs. Jamnagar Utilities and Power Pvt. Ltd., allowing deduction under Section 80G for Corporate ...
Income Tax: These important deadlines expire before March 31. Check list here
I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...
Income Tax: You can continue to avail THESE deductions in the new tax regime
This income tax deduction is offered for the contributions made by the employer towards National Pension System (NPS).
Tax Saving Investments (Section 80C, 80D, 80G, etc.)
Before March 31, 2025, you should invest in tax-saving options to lower your taxable income if you have opted for the old tax regime. The Income Tax Act offers several important deductions, including ...
NewsBytes15d
Go green: A guide to tax benefits for zero-waste living
Buying green products, like electric cars, comes with tax perks under the Income Tax Act. Specifically, Section 80EEB lets ...