What is Section 80C Of The Income Tax Act? Section 80C of the Income Tax Act, 1961 allows eligible taxpayers to claim a tax deduction of up to ???1.5 lakh per financial year on specified investments and expenses under the old regime in the Income Tax Act.?? Section 80C is most commonly preferred to reduce […]

Which Tax Deductions Are Available During And After Construction? Tax benefits on under-construction property may include different tax deductions. It depends on the stage of the construction. Once the property is purchased, the home loan interest can be deducted under section 24(b) of the Income Tax Act, 1961, while the principal repayment can be deducted […]