Tag: income tax act
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Can you claim Income-Tax deduction on loan for EV purchase? Here’s eligibility criteria and key highlights, explained
Deduction for loan used to purchase an electric vehicle is provided under Section 80EEB of the Income-Tax Act (ITA) for interest payment up to...
Is foreign-earned salary in NRE account taxable in India? Here’s what rules say
Non-resident Indians (NRIs) have the option to transfer their overseas earnings to India through non-resident external (NRE) accounts to manage investments, family expenses and...
Children Educational Allowance, Section 80C tuition fee deduction—See how you can claim tax benefit of up to ₹4.38 lakh
The Income-tax Act (ITA) provides tax exemption for Children Education Allowance provided to salaried individuals by the employer to covers tuition fees for up...
New income tax rules for doctors: Who needs to maintain Form 25 and why
If you are a medical professional and your gross receipts exceed ₹1.5 lakh per year in any of the preceding three assessment years,...
CBDT clarifies TDS on bank interest under Income Tax Act 2025: Key updates, thresholds and smart money moves | Explained
The Central Board of Direct Taxes (CBDT) recently issued an important clarification on the concept of Tax Deducted at Source (TDS) for bank interest....
