Tag Archives: Section 80C

Section 80G Income Tax Act : Deduction for donations to certain funds, charitable institutions, etc.

By | February 24, 2023

Section 80G Income Tax Act In this article we will discuss Sumamry of Section 80G of Income Tax Act and  Complete section 80G of Income tax Act as Amended upto Finance act 2022 Summary of Section 80G of Income Tax Act Section 80G of the Income Tax Act provides tax deductions to taxpayers who make… Read More »

Section 80C Deduction List I Income tax year end Tax Saving

By | February 20, 2023

Section 80C Deduction List I Income tax year end Tax Saving Section 80C deduction are available as per the Income Tax Act of india . Section 80C  provides for various deductions that can be claimed by individuals and Hindu Undivided Families (HUFs) from their gross total income. The maximum deduction allowed under this section is… Read More »

School Tuition Fees Deduction u/s 80C of Income Tax

By | June 16, 2018

Tuition Fees Deduction under Income Tax Act (India) Section 80C The taxpayer can claim deduction under section 80C in respect of amount paid by him during the year towards tuition fees (excluding development fees, donation or similar payments) paid at the time of admission or thereafter, to any university, school, college or other educational institution… Read More »

Insurance premium paid from loan funds is allowed as deduction

By | August 10, 2015

Question : Whether the Insurance premium paid from loan funds is allowed as deduction u/s 80 C / Life insurance premiums, even if paid out of loan funds and not out of income chargeable to tax, are eligible for deduction under section 80C IN THE ITAT COCHIN BENCH Goutham Reddy v. Income-tax Officer, Ward -2, Kottayam… Read More »