income tax deduction

Income Tax Act, 1961- Chapter VI A provides for various deductions that are available from the total income of an assessee while computing the taxable income. People are normally aware of few common tax deductions such as deduction under section 80C in respect to contribution made towards LIC, PF (provident fund), deduction under section 80D for mediclaim premium paid etc. There are few deductions that are not commonly known to… Read More »9 Deductions That People Miss Out While Filing Their ITR