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How to Maximize Section 80E Education Loan Deductions and Avoid Scrutiny Notices for Incorrect Reporting
Section 80E of the Income Tax Act offers a tax deduction on the interest paid towards education loans. It helps individuals reduce their...

Bhavika Rajput
3 days ago9 min read
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Responding to Tax Notices Under Section 142(1) for Missing Income and Deductions
Taxpayers may receive a notice under Section 142(1) of the Income Tax Act when the Assessing Officer seeks clarification or compliance...

Nimisha Panda
3 days ago8 min read
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Deductions Under Section 80TTA: Tax on Savings Account Interest
The question of whether interest earned from savings accounts is taxable is one that many people have. The answer is that interest earned...

Nimisha Panda
May 207 min read
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Income Tax on Loan from Friends or Relatives in India
Sometimes, instead of going to a bank or a third-party lender, one could think about getting a loan from a friend, relative, or other...

Nimisha Panda
May 207 min read
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Income Tax Exemption on Home Loan
Besides helping you buy your dream home; a home loan offers substantial tax benefits under the Income Tax Act of 1961. Exemptions are...

Rashmita Choudhary
May 207 min read
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Income Tax Rebate on Home Loan: A Detailed Overview
Nowadays, having a home may be a significant accomplishment, particularly when real estate prices are skyrocketing. However, the Indian...

Rajesh Kumar Kar
May 206 min read
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How to File ITR When You Have Rental Income and Home Loan Deductions
Filing your Income Tax Return (ITR) when you have rental income and home loan deductions involves navigating several essential steps....

Bhavika Rajput
May 168 min read
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Can Parents Claim Section 80E Deduction for Children’s Education Loan?
Understanding the financial benefits available under the Income Tax Act is crucial for managing your finances effectively, especially...

Rashmita Choudhary
May 169 min read
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Maximum Deduction Under Section 80E: How Much is Allowed?
Education is one of the most significant investments an individual can make, and with the rising costs of higher education, education...

Rajesh Kumar Kar
May 1611 min read
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What is the best tax app for somebody that doesn't usually file taxes and has not gotten any of the stimulus checks?
If you don’t typically file taxes and have missed out on stimulus checks, navigating the tax system can seem like a stressful task....

Rashmita Choudhary
May 1510 min read
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