Deduction On Interest
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Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
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Budget 2023: Realtors Body Seeks Rise In Deduction Limit On Home Loan Interest
The interest rates on home loans have gone up by around 2 percentage points in the last seven months, to around 8.5 per cent following the hike in repo rates by 225 basis points since May.
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10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
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Here's What Tax Experts Seek From Budget 2021 For The Common Man
Budget 2021: Individual taxpayers and the middle-class expect reduced GST rates in various sectors, and increased deduction for the interest on home loans from the taxable income
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Alternative Slabs To Take Country Towards A Simplified Income Tax Regime: Nirmala Sitharaman
The Budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions including those against payment of interest on home loans and tax-savings investments.
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Deduction Of Rs 1.5 Lakh On Home Loan Interest Extended Till March 2021
The additional deduction of Rs 1.5 lakh, over and above the existing Rs 2 lakh, is being provided under the Section 80EEA.
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Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: Industry Body
India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.
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Check Interest Rates Offered By Banks On Income Tax-Saving Fixed Deposit (FD)
According to the current Income Tax (I-T) law, a taxpayer can claim maximum tax deductions of up to Rs 1.5 lakh under Section 80C in a financial year.
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High Court Seeks Centre's Reply Over Accident Compensation Tax Provision
The Delhi High Court has sought the response of Central Board of Direct Taxes (CBDT) on a plea seeking quashing of the provision mandating tax deduction on the interest received on compensation by a road accident victim.
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Budget 2019: How To Claim Rs 3.5 Lakh Income Tax Deduction Against Home Loans
The government has now proposed to introduce Section 80EEA to allow for an additional interest deduction of up to Rs 1.5 lakh on repayment of home loans.
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Government Raises Interest Deduction Limit On Home Loan In Budget 2019. What It Means For You
After introduction of the new Section 80EEA, the maximum deduction an individual taxpayer can claim will stand at Rs 3.5 lakh.
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Budget 2019: Electric Vehicles To Get More Affordable
The NDA 2.0 government made some major announcements for pushing electric mobility in India as part of the Union Budget 2019. While the Indian auto sector did not witness any dramatic changes in tax norms, Finance Minister Nirmala Sitharaman recommended reducing the GST rate on electric vehicles from the current 12 per cent to five per cent in a bi...
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Interest Deduction On Home Loans Raised To Rs 3.5 Lakh For Affordable Housing
The finance minister said the interest paid on housing loans is currently allowed as a deduction to the extent of Rs 2 lakh.
-
Additional Tax Deduction Of Rs 1.50 Lakh On Interest On Home Loans Proposed
Nirmala Sitharaman also proposed that 25 per cent corporate tax will apply on companies with up to Rs 400 crore turnover; covering 99.3 pc of corporate India.
-
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
Budget 2023: Realtors Body Seeks Rise In Deduction Limit On Home Loan Interest
The interest rates on home loans have gone up by around 2 percentage points in the last seven months, to around 8.5 per cent following the hike in repo rates by 225 basis points since May.
-
10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
-
Here's What Tax Experts Seek From Budget 2021 For The Common Man
Budget 2021: Individual taxpayers and the middle-class expect reduced GST rates in various sectors, and increased deduction for the interest on home loans from the taxable income
-
Alternative Slabs To Take Country Towards A Simplified Income Tax Regime: Nirmala Sitharaman
The Budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions including those against payment of interest on home loans and tax-savings investments.
-
Deduction Of Rs 1.5 Lakh On Home Loan Interest Extended Till March 2021
The additional deduction of Rs 1.5 lakh, over and above the existing Rs 2 lakh, is being provided under the Section 80EEA.
-
Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: Industry Body
India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.
-
Check Interest Rates Offered By Banks On Income Tax-Saving Fixed Deposit (FD)
According to the current Income Tax (I-T) law, a taxpayer can claim maximum tax deductions of up to Rs 1.5 lakh under Section 80C in a financial year.
-
High Court Seeks Centre's Reply Over Accident Compensation Tax Provision
The Delhi High Court has sought the response of Central Board of Direct Taxes (CBDT) on a plea seeking quashing of the provision mandating tax deduction on the interest received on compensation by a road accident victim.
-
Budget 2019: How To Claim Rs 3.5 Lakh Income Tax Deduction Against Home Loans
The government has now proposed to introduce Section 80EEA to allow for an additional interest deduction of up to Rs 1.5 lakh on repayment of home loans.
-
Government Raises Interest Deduction Limit On Home Loan In Budget 2019. What It Means For You
After introduction of the new Section 80EEA, the maximum deduction an individual taxpayer can claim will stand at Rs 3.5 lakh.
-
Budget 2019: Electric Vehicles To Get More Affordable
The NDA 2.0 government made some major announcements for pushing electric mobility in India as part of the Union Budget 2019. While the Indian auto sector did not witness any dramatic changes in tax norms, Finance Minister Nirmala Sitharaman recommended reducing the GST rate on electric vehicles from the current 12 per cent to five per cent in a bi...
-
Interest Deduction On Home Loans Raised To Rs 3.5 Lakh For Affordable Housing
The finance minister said the interest paid on housing loans is currently allowed as a deduction to the extent of Rs 2 lakh.
-
Additional Tax Deduction Of Rs 1.50 Lakh On Interest On Home Loans Proposed
Nirmala Sitharaman also proposed that 25 per cent corporate tax will apply on companies with up to Rs 400 crore turnover; covering 99.3 pc of corporate India.
-
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
