Section 80GG of the Income Tax Act, 1961, allows an individual to claim a deduction
Filling of statement of donation by Donee to cross check claim of donation by Donor
The filling of a statement of donation by the donee (the recipient of the donation)
Proof of Payment
A proof of payment is a document or record that verifies that a payment has
AMOUNT OF DEDUCTION
The term “amount of deduction” can refer to different things depending on the context. Here
Deduction in respect of medical insurance premia (sec80D)
Section 80D of the Income Tax Act, 1961, allows taxpayers to claim a deduction for
Deduction in respect of subscription to long term infrastructure bonds(section80CCF)
Deduction in respect of subscription to long term infrastructure bonds (Section 80CCF) is a tax
Deduction in respect of contribution to national pension system(NPS)- section 80CCD
Who is eligible for the deduction under Section 80CCD? Any individual who is a subscriber
Further deduction on accrued interest in respect of investments in national savings certificates
Further deduction on accrued interest in respect of investments in national savings certificates (NSCs) is
Amount of deduction (section 80 C)
The maximum amount of deduction under Section 80C is Rs. 1.5 lakh per year. This
Amount of deduction -general provision
The amount of deduction for a general provision is the amount that is reasonably estimated