Taxmantra Global is battle-ready for the COVID-19 outbreak with full client delivery capability intact

At the time of penning this, the COVID-19 crisis is increasing exponentially all over the world. Global leaders and organizations are doing their best to manage this crisis. Even so, the boundaries are getting severely stretched. However, it is not just a macro crisis that needs to be handled at a global level.

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Donate under section 80G- Save Taxes and help Society

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Section 80G provides a tax deduction for donations to certain funds and charitable institutions. Deduction under section 80G is available...

Invest in tax saving tools of 80C – LIC, PPF, PF, Housing loan Principal and others

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Section 80C provides deduction in respect of specified qualifying amount paid or deposited by the assessee in the previous year. Main pro...

Insurance premium on health of employees – 36 (1) (ib)

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Under section 36 (1) (ib) a deduction can be claimed by a taxpayer if the following conditions are satisfied: • The taxpayer pays premi...

Tax benefits in respect of contribution to Pension Fund of LIC or other insurer – 80CCC

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Section 80CCC provides a deduction to an individual for any amount paid or deposited by him in any annuity plan of the Life Insurance Cor...

Deduction in respect of rent paid – 80GG

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Deduction under Sec. 80GG is available for persons who pay rent for their accommodation. In computing total income, an assessee is allowe...

Tax benefits for Treatment of Specified diseases – Section 80DDB

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Costs incurred for treatment of specified illnesses, could fetch you a tax benefit under section 80DDB. Conditions to be satisfied for av...

Deduction in respect of repayment of loan taken for higher education

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Section 80E provides you tax benefits on education loans taken to support higher studies and these benefits help you to reduce the overal...

Section 80DD- Medical Treatment of Handicapped Dependents

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Deduction u/s 80DD can be claimed if you are incurring expenditure for maintenance including medical treatment of a handicapped dependent...

Opt for medical insurance and save taxes on premium paid -80D

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Investments made towards payment of health insurance premiums, qualify for a tax deduction under section 80D. Conditions to be satisfied ...

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