Tax Breaks
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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
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
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
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