Research on Individual Income Tax Planning in India

Deductions for parent's medical costs and school debts

By investing in the Capital Gains Accounts Scheme (CGAS) or utilizing Sections 54 and 54F exclusions

A trend towards using technologically enabled methods for tax compliance

<p>Troubles with understanding and implementing complicated tax laws, particularly related to capital gains, overseas income, and tax residency status</p> Signup and view all the answers

<p>Tax experts were essential in helping people with tax preparation and compliance</p> Signup and view all the answers

<p>By utilizing Sections 80C, 80D, and 80G of the Income Tax Act</p> Signup and view all the answers

<p>Crucial for Indian individuals to plan their income taxes well to reduce tax obligations and maintain legal compliance</p> Signup and view all the answers

<p>Being transparent and providing accurate information</p> Signup and view all the answers

<p>By claiming deductions on home loan interest payments under Section 24 of the Income Tax Act</p> Signup and view all the answers

<p>Deductions under Section 80D of the Income Tax Act for health insurance premiums</p> Signup and view all the answers