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I-T department officials said that despite the pandemic, they were trying to ensure that the refunds are made promptly
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You first need to calculate your tax liability and check, what deductions you’re eligible for how much you’ve exhausted
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If you have given the house on rent, you can offset the rental income with the interest on borrowed capital
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The deadline for linking your PAN card with Aadhaar, which was earlier June 30, 2020, has been revised to March 31, 2021.
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Of this, personal income tax refunds of Rs 73,607 crore have been issued to over 2.06 crore taxpayers
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Department leniently treating cases in order to instill confidence among tax payers, said lawyers
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Home loan, education loan and electric vehicle loan are few options, that offer tax deduction under Section 80E
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Tax deductions available against contributions made towards National Pension Scheme (NPS) or the Atal Pension Yojana (APY) fall under Section 80CCD
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Effectively, individuals can maximise tax benefit under section 80D to a total of Rs 75,000
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Health insurance can be a useful tool to cut your tax outgo and increase savings