s sriram, partner at lakshmikumaran & sridharan attorneys
S Sriram, Partner at Lakshmikumaran & Sridharan Attorneys

S Sriram, Partner at Lakshmikumaran & Sridharan Attorneys

S Sriram, Partner at Lakshmikumaran & Sridharan Attorneys

Many deductions are also dependent upon the tax payer filing his or her tax return within the due date (31st July in many cases).

Income Tax: Comprehensive guide to claiming deduction for individuals - Section 80C and beyond

by S Sriram, Partner at Lakshmikumaran & Sridharan Attorneys |Jun 25, 2024

The Income-tax Act (‘the Act’) provides certain deductions from taxable income, the policies for which are based upon larger socio-economic parameters.  With the new tax regime seeking to reduce the t...