Tax Breaks

Find help article on adding/editing tax breaks on Quicko

Add Tax Breaks
Tax Breaks or Tax Deductions refer to the claims made to reduce taxable income. Individuals can claim income tax deductions on certain investments and expe...
Wed, 24 Aug, 2022 at 3:14 PM
Deduction under section 80EE not reflected
Sections 80EE allows individuals to claim the deduction for interest paid on the home loan taken for the first residential house.  The eligible deductio...
Fri, 19 Aug, 2022 at 12:02 PM
Deduction under section 80TTA/TTB is not reflected
As per the Income Tax Act, losses from non-speculative business income can be set off against income from other sources (IFOS). Since savings interest i...
Thu, 18 Aug, 2022 at 11:16 AM
Deduction under section 80GG is not reflected
Section 80GG of the Income Tax Act allows individuals a deduction for rent paid for furnished or unfurnished accommodation. The deduction is allowed to taxp...
Fri, 19 Aug, 2022 at 12:46 PM