Can NRIs claim Section 80C deductions on PPF, NSC to reduce tax on income in India?

A non-resident can claim deduction under section 80C through various items though a non-resident is not entitled to open a ...
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How To Declare Donations In ITR: Your Essential Guide To Claim Section 80G Deductions

The taxpayers are gearing up to file the Income Tax Return (ITR) for the financial year 2024-25 to fulfil their tax obligations. The Income Tax Department is expected to notify the forms for ...
Business Today

Tax deduction: Can one claim Section 80C exemption on PPF, ELSS investments done in spouse's name?

Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...
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Section 80G: New set of FAQs issued on tax deductions for religious donations; check details

The Income Tax Department has issued a new set of FAQs to resolve uncertainties around tax deductions for donations under Section 80G of the Income Tax Act, 1961. The FAQs shed light on what counts as ...
Forbes

Section 80D – Eligibility, Deductions & Tax Benefits

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The Central Government of India ...