Tax Filing

  A serious illness, like most calamities, frequently arrives unannounced. Furthermore, much like a catastrophic event takes an egregious toll: physical, emotional and financial. More terrible, the diseases that were frequently experienced normally following 50 years old, have now started to strike as right on time as in one's 30s and 40s, given the distressing
Health is the most crucial element in living a happy life. The government of India has recognized the deteriorating health conditions, and to improve them, provide deductions under section 80D of the Income Tax Act, 1961. The deduction is allowed for expenses incurred towards medical insurance like critical illness policy, health checkups, and other medical expenses. Under this
Taxable returns from a life insurance policy can be computed after considering section 194DA and section 10(10D). Section 194DA was introduced by Finance Act, 2014. As per section 10(10D), any amount receivable on the maturity of a life insurance policy (including ULIP, term plan or endowment plan) will not be taxable provided Premium paid is not more than 20% of the
Paying income tax is the primary responsibility of every responsible citizen. However, there are various means by which income tax liability of an individual can be reduced. This is referred to as tax planning. It is not the same as tax evasion. Below are certain income tax provisions which can benefit the tax payer by