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Source: Live Mint With the new tax regime (NTR) becoming the default regime lately, several taxpayers are anxious about having lost the eligibility to claim deduction. What, however, is not known to many people is that some deductions and exemptions are still allowed in the new tax regime. Although the typical deductions for investment in…
Source: Live Mint My daughter is 21 years old, dependent and has no income of her own. She has been studying in the USA since 2022 and is thus an NRI. She has a savings bank account in India, a PAN and an Aadhaar. I understand NRIs cannot avail of any items under section 80C,…
Source: Live Mint If you plan to file your income tax return (ITR) under the old tax regime, you can start making investments in some tax-free instruments in order to claim deduction under section 80C before the financial year comes to an end. There are a number of tax saving instruments that one can invest…
