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deductions under section 80C

What are the deductions under section 80C?

What is 80C, and what deduction do you get under 80C? 80C is a section under income tax where expenditures and investments are exempted from income tax. The maximum deduction limit is 1.5 lakh annually from an individual and HUF taxable income. These benefits are unavailable to Corporate bodies, partnership firms, and other businesses. Let’s […]
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changes in new ITR forms

What are the changes in new ITR forms?

Are you the taxpayers who file income tax every year? Yes, then it becomes essential for you to understand changes in new ITR forms. The Central Board of Direct Taxes has revised income tax return forms such as ITR 2,3 and 5 for the assessment year 2024- 2025, and the last date for filing an […]
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