The Tribunal held that while interest on enhanced compensation was taxable as per settled law, the exemption claim for land compensation required verification. The matter was remanded for fresh ...
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Tax deduction: Can one claim Section 80C exemption on PPF, ELSS investments done in spouse's name?
Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...
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Budget 2026: Will the 80C deduction limit increase to ₹3.5 lakh? It's been stuck at ₹1.5 lakh for 12 years.
Budget 2026: In the General Budget 2026, middle-class taxpayers want the government to increase the limit of Section 80C of the Income Tax Act from Rs 1.5 lakh to Rs 3 lakh. Budget 2026: As Budget ...
Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...
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