Introduction Section 80D of the Income Tax Act, which provides deductions related to medical insurance premiums. This section encourages individuals and Hindu Undivided Families (HUFs) to… Read More »Section 80D of Income Tax Act: Deductions Under Medical Insurance, Limit and Eligibility
Introduction Section 80C is a crucial provision that allows individuals toreduce their taxable income by making specific investments or incurring eligible expenses. Both individuals and HUFs (Hindu Undivided Families)… Read More »Section 80C – Income Tax Deduction under Section 80C
Introduction Section 80EEA of the Income Tax Act was introduced with a significant vision to promote “Affordable Housing.” This initiative aimed to make home ownership more accessible and… Read More »Section 80EEA – Deduction for interest paid on home loan for affordable housing
Intoduction Section 80EEB was introduced in the 2019 budget by the Indian government with the aim to promote the adoption of electric vehicles (EVs) and… Read More »Section 80EEB – Deduction in respect of interest paid on loan taken for the purchase of electric vehicle