DEDUCTIONS TO CLAIM IN INCOME TAX RETURN
Most of us know about deductions under section 80C and about home loans only but there are few more deductions which can also be claimed.
1. GAINS FROM LOSSES IN STOCKS: You can set off your short term capital losses against long term capital gains from sale of property, gold or debt funds.
2. RENT IS DEDUCTIBLE IF NOT GETTING HRA: If you are not getting HRA from your employer then also you can claim deduction for rent under section 80GG. Maximum deduction under this section is 2000 per month.
3. CERTAIN DISEASES GET TAX BENEFITS: Illness including neurological diseases (dementia, chorea, […] Read more