The Income Tax Act permits deduction while finding out the complete available pay to each assessee. One such deduction is permitted under Section 80G of the Income Tax Act, 1961…
Hindu Undivided Family ('HUF') is treated as an 'individual' under segment 2(31) of the Income-charge Act, 1961 (thus after alluded to as 'the Act). Hindu Undivided Family is a different…
Section 24 of the income tax act,1961 defines that any individual can claim tax deductions on the interest paid for the property or home loans. Section 24 is also known…