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HUF: Hindu Undivided Family of the Income-tax Act, 1961

HUF: Hindu Undivided Family of the Income-tax Act, 1961

  • Post author:Nikita Dhyani
  • Post published:August 16, 2021
  • Post category:Save Tax for Government Employee
  • Post comments:0 Comments

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…

Continue Reading HUF: Hindu Undivided Family of the Income-tax Act, 1961
Section 24: Interest on Home Loan

Section 24: Interest on Home Loan

  • Post author:Nikita Dhyani
  • Post published:August 16, 2021
  • Post category:Save Tax for Government Employee
  • Post comments:0 Comments

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…

Continue Reading Section 24: Interest on Home Loan
Section 80D – Medical Insurance

Section 80D – Medical Insurance

  • Post author:Nikita Dhyani
  • Post published:August 13, 2021
  • Post category:Save Tax for Government Employee
  • Post comments:0 Comments

Any amount in any given year, for the payment of medical insurance from the total income by any individual or HUF (Hindu undivided family), is liable to claim for deduction…

Continue Reading Section 80D – Medical Insurance
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