A New Route of Tax Knowledge
Deduction under section 80DDB is allowed for expenses incurred for medical treatment of specified diseases or aliments (check the list below). This section allowed a deduction to resident individuals and HUF only.
Deduction under section 80DD is allowed for the medical treatment of a dependant with severe disabilities or differently-abled. This section allowed a deduction to resident individuals and HUF only.
For AY 2021-22, this section contains the provision regarding the deduction on payment of medical insurance premium, central government health scheme, and payment on account of preventive health checkup from the gross total income of the assessee.
Paras Defence and Space Technologies Limited IPO comprise a fresh issue of equity share worth Rs. 140.60 crore and an offer for sale of up to 1.72 million shares by promoters and existing shareholders.
Indian Stock Market remains closed on Sunday and Saturday, and apart from weekly holidays, the stock exchange in India also remains closed on national and state holidays.
Extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22
The applicability of ITR forms varies and depending on the sources of income of the taxpayers, the amount of the income earned, and the category the taxpayers like individuals, HUF, and companies, etc. Here are the complete details for Types of ITR Forms-
