Additionally, the ITAT upheld the disallowance of a ₹1 lakh deduction under Section 80C for LIC premium and tuition fees, as the assessee did not provide supporting documents. The tribunal observed ...

Discover the importance of life insurance in financial planning in India for wealth growth, family protection, and peace of ...

As FY 2024-25 ends, ITR season 2025 starts in April. Suresh Surana advises finalizing tax-saving investments, submitting ...

If you have chosen the old tax regime, ensure that your tax-saving investments under Sections 80C, 80D, 80G, and others are ...

These measures are available for a Hindu Undivided Family (HUF) as well as individuals, both resident and non-resident, with ...

Discover key tax deductions on your home loan under Sections 24(b), 80C, 80EE, and 80EEA. Learn how to maximise savings and ...

Choosing the right life insurance policy in India requires careful consideration of your financial needs, and policy features ...

As FY25 is coming to an end, taxpayers need to finalise investments if opting for old tax regime, adjust TDS, pay advance tax ...

As the financial year 2024-25 concludes, taxpayers face critical tax-related deadlines today, March 31, to avoid penalties ...

Tax Saving Section 80C Taxpayers can save up to Rs 1.5 lakh tax on their income (salary) under the old tax regime. If you have not done tax saving yet, then you have time till 31 March 2025. Today we ...

Indian taxpayers have the option to switch between the new and old income tax regimes annually, following the changes ...

As financial conditions evolve, the decision between the two regimes remains a crucial factor in determining one’s overall ...