WebDec 29, 2011 · Over and above this, the standard Section 80C deductions apply to the HUF as well. This means that the HUF can invest its income earned (either earned … WebFeb 2, 2024 · Tax Deductions available to HUF As discussed earlier, HUF is a separate legal entity and it also enjoys the basic exemption limit of Rs. 2,50,000 and …
What Is Section 80TTA & How to Claim Deduction Under It? 5paisa
WebMar 1, 2024 · However, the said deduction of Rs. 5,000 shall be within the overall limit of Rs. 25,000 or Rs. 50,000, specified above. In the case of HUF. The maximum … Web3. ITR-4 (SUGAM) - Applicable for Individual, HUF and Firm (other than LLP) This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than … fednat.myflood.com
Comprehensive Guide for TDS Deduction on Rent under Section …
WebApr 14, 2024 · Section 54 exemption cannot be denied to HUF merely for purchase of property in the name of member Section 54 exemption denial on property purchases in Sons name- AO should follow view of jurisdictional HC No section 54 deduction on Property purchased in the name of married daughter WebSep 23, 2024 · Section 80C. Sections 80C (1) provides that the assesses being an individual or a HUF, will be allowed a deduction from gross total income of an amount not exceeding RS.1,50,000, in respected of … Web23 hours ago · Income Tax Deduction: क्या आपको पता है कि सरकार कुछ मेडिकल खर्चों पर भी आपको छूट दे देती है? इसके लिए इनकम टैक्स एक्ट में बकायदा अलग से एक सेक्शन दिया गया है. deerstones bakery colne