tax saving for indians


Donation to Political Party - Sections 80GGC and 80GGB Tax Deductions - political parties and science developping institutions - Section 8 of the 2013 Companies Act

as per the Companies Act 2013 only up to 7.5% of their annual net profit is allowed

Section 80G Deduction

section-80jjaa-deduction - for appointing new employee with Form 10DA

Section 80JJAA - national Pension and 

residential buildings - 5%

commercial building for business, on extentions or renovations on rental place, employee houses, cold storage,  cold storage, etc  - 10% deppreciation.

Section 80-IA - 100% for water plant and machinery installation and machine transfer.

Wooden Structures – 100%

https://taxguru.in/income-tax/depreciation-buildings-income-tax-law.html




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