Tax Query: Can I claim deduction on PPF or medical insurance payments?

I am a self-employed individual. I contribute to a PPF account in…

Tax Query: What is the tax deduction available on interest on house loan for repairs?

I got my house repaired and took a bank loan for funding…

Banks offer special FD scheme for the benefit of senior citizens

Various banks are offering a special fixed deposit scheme for senior citizens…

CBDT notifies ITRs for the tax filings of AY 2020-21 (FY 2019-20)

The CBDT has notified the income tax returns for tax filings for…

Tax Query: Can I claim tax deduction on stamp duty for purchasing a flat?

I had purchased a flat in January 2020 for Rs 60 lakh. …

Tax Query: Can NRIs deposit in their existing PPF account and claim tax deduction?

I am a resident of India living in India and am a…

Tax-savings investments made in FY 2019-20 extended till 30 June 2020

Taxpayers who have not been able to complete their tax-saving investments for…

Medical insurance: Take precaution against a medical emergency

Your best laid financial plans can fail without medical insurance. Medical care…

Buy life insurance policy for protection against unforeseen events

The purpose of a life insurance policy is to set aside funds…

Union Budget 2019: Additional Tax Deduction on Home Loan Interest

Nirmala Sitharaman, the Financial Minister, presented the first Union Budget of the…