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Can anybody please help me for tax planning? How to save more tax?
One query....U/S 80C of Income Tax Act,1961 the exempt limit is Rs.1 lakh. 80C cover all sections like 80ccc, 80ccf, 80ccd or not?
Your answers are appreciable.
Thanks & Regards,
Sarita
From India , Hyderabad
One query....U/S 80C of Income Tax Act,1961 the exempt limit is Rs.1 lakh. 80C cover all sections like 80ccc, 80ccf, 80ccd or not?
Your answers are appreciable.
Thanks & Regards,
Sarita
From India , Hyderabad
Thanks Ramachandran
Still i have doubt.
Suppose one person is having insurance of Rs.1 Lakh. If he is taking another Infrastructure Bond u/s 80CCF of Rs.20,000/-, can he show the full amount of Rs.1,20,000/- (Rs.1 Lakh + Rs. 20,000/-) for tax exemption. Rule says, u/s 80C anybody can show Rs. 1 Lakh only.
From India , Hyderabad
Still i have doubt.
Suppose one person is having insurance of Rs.1 Lakh. If he is taking another Infrastructure Bond u/s 80CCF of Rs.20,000/-, can he show the full amount of Rs.1,20,000/- (Rs.1 Lakh + Rs. 20,000/-) for tax exemption. Rule says, u/s 80C anybody can show Rs. 1 Lakh only.
From India , Hyderabad
Dear Sarita
For filing the Income Tax you can even use Income Tax e Filing, Income Tax India, ITR4, Online Income Tax Filing, Filing of Income Tax Return or www.myitreturn.com websites. I am using My IT Return website since last 5 years and it is easy also for filing. You will get the e acknowledgement, which is to be sent to Bangalore IT Department. Further you will get the e filing acknowledgement as well as refund dues, if any, also deposited in your account. You can also instruct your staff members, so that they can always have soft copy of IT Return as well as you need not to worry about their IT Return filing. It charges around Rs. 200 to Rs. 300/- only
From India , Hyderabad
For filing the Income Tax you can even use Income Tax e Filing, Income Tax India, ITR4, Online Income Tax Filing, Filing of Income Tax Return or www.myitreturn.com websites. I am using My IT Return website since last 5 years and it is easy also for filing. You will get the e acknowledgement, which is to be sent to Bangalore IT Department. Further you will get the e filing acknowledgement as well as refund dues, if any, also deposited in your account. You can also instruct your staff members, so that they can always have soft copy of IT Return as well as you need not to worry about their IT Return filing. It charges around Rs. 200 to Rs. 300/- only
From India , Hyderabad
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#Listed In: income tax return City-India-Hyderabad income tax filing tax filing income tax act tax exemption deduction from salary tax planning e filing tax return Country-India
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