Tag Archives: #TaxExemptInvestments

Q15.6 Who is exempt from filing ITR ?

Exempt from filing ITR

Exempt from filing ITR Exempt from filing ITR: As of September 2021, certain individuals are exempt from filing Income Tax Return (ITR) in India if they meet certain criteria. The exemption from filing ITR is available to individuals who satisfy the following conditions: Individuals below the age of 60 years: Total income does not exceed… Read More »

What are the requirements for an investment to be eligible for tax benefit under Section 80C of the Income Tax Act?

Tax benefit under Section 80C

Tax benefit under Section 80C   Understanding Tax Benefits Under Section 80C of the Income Tax Act Tax planning is crucial for optimizing savings and reducing tax liabilities. One of the most popular sections for claiming deductions is Section 80C of the Income Tax Act. To take advantage of these benefits, it’s essential to understand… Read More »