#TaxDeductionCancellationCriteria Archives - Knowledge Base

47. What tax deductions are available for Diagnostic Centre during ITR filing?

Tax Deductions Here are the tax deductions available for diagnostic centers during ITR filing in India: 1. Section 80D: This section allows a deduction of up to Rs. 50,000 on medical expenses incurred by the taxpayer, his/her spouse, children, parents, and dependents. This includes expenses incurred on hospitalization, surgery, consultation fees, diagnostic… Read More »

What is the process of TDS cancellation?

The process of TDS cancellation Cancellation of TDS (Tax Deducted at Source) refers to the process of revoking or withdrawing a previously issued TDS deduction. TDS cancellation may be required in certain situations, such as: Incorrect Deduction: If a TDS deduction was made erroneously or incorrectly, and it is determined that no tax should have… Read More »