Tax & Business
Insights for India
Expert guides on GST, Income Tax, Company Registration and compliance — written by licensed CAs for Indian businesses.
Section 80LA Offshore Banking Unit Deduction Under ITA 2025: GIFT City IIFSC 100% Guide
Section 80LA OBU GIFT City IIFSC deduction under ITA 2025 -- 100% profit deduction 5 years then 50% for 5 years (10-year window), MAT exempt GIFT City, Form 10CCF, Section 10(4D)/10(4E) complementary exemptions, ship leasing.
Section 80M Inter-Corporate Dividend Deduction Under ITA 2025: No Cascading Tax Guide
Section 80M inter-corporate dividend deduction under ITA 2025 -- domestic company deducts dividend distributed to shareholders from dividend received from subsidiaries, prevents cascading, 30 September distribution deadline, holding company multi-tier.
Section 80P Co-Operative Society Deductions Under ITA 2025: Banking, Agricultural & Consumer
Section 80P co-operative deduction under ITA 2025 -- 100% for banking income (member credit), agricultural marketing, consumer goods, cottage industries, Rs 15K cap on deposit interest, Section 115BAD 22% alternative (no 80P), UCBs PACS.
Section 80PA Farmer Producer Company (FPO) Tax Deduction Under ITA 2025: 5-Year Guide
Section 80PA FPC/FPO tax deduction under ITA 2025 -- 100% profit deduction for 5 years for Farmer Producer Companies (turnover up to Rs 100 crore), agriculture produce marketing/processing, SFAC registered, old regime, vs Section 80P co-operative.
Section 80QQB Author Royalty and Section 80RRB Patent Royalty Under ITA 2025: Rs 3L Guide
Section 80QQB author royalty deduction under ITA 2025 -- Rs 3L for literary/artistic/scientific works (not textbooks), Indian resident individual, Section 80RRB patent inventor Rs 3L, interaction with Section 44ADA, foreign royalty convertible exchange.
Section 80RRB Patent Royalty Deduction Under ITA 2025: Rs 3L for True and First Inventors
Section 80RRB patent royalty deduction under ITA 2025 -- Rs 3L for Indian resident individual true and first inventor, Patents Act 1970 India registration, employed inventor complications, interaction with Section 80QQB and 44ADA, old regime.
Section 80TTA and 80TTB Interest Deductions Under ITA 2025: Rs 10K Savings & Rs 50K Senior
Section 80TTA Rs 10K savings interest deduction (individuals/HUF below 60) and Section 80TTB Rs 50K all interest deduction (senior citizens 60+) under ITA 2025 -- old regime only, FD included in 80TTB, Form 15H for senior TDS avoidance.
Pension and Annuity Income Tax in India Under ITA 2025: NPS, LIC, EPF & Family Pension
Pension and annuity income tax under ITA 2025 -- NPS 60% lump sum exempt (40% annuity taxable), LIC annuity taxable salary, EPS pension taxable, family pension 1/3 or Rs 15K exempt, government pension commuted exempt, Rs 75K standard deduction.
Section 80E Education Loan Interest Deduction Under ITA 2025: Unlimited, 8 Years Guide
Section 80E (Section 129) education loan interest deduction under ITA 2025 -- full interest deductible (no cap), 8 consecutive years, for self/spouse/children/ward higher education, bank/NBFC lender, old regime, powerful for large MBA/medical loans.
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