(1) An assessee, being an individual, shall be allowed a deduction of amount paid as interest during a tax year, subject to the provisions of this section, on a loan taken by him from any financial institution or any approved charitable institution, if the––(a) loan taken is for the purpose of pursuing higher education of […]

(1) An assessee, being an individual, shall be allowed a deduction of interest payable on loan taken by him from any financial institution for the purpose of acquisition of a residential house property as per the provisions of this section.(2) The deduction under sub-section (1) shall not exceed fifty thousand rupees and shall be allowed

(1) An assessee, being an individual not eligible to claim deduction under section 130, shall be allowed a deduction on interest payable on loan taken by him from any financial institution for the purpose of acquisition of a residential house property, subject to a maximum limit of one lakh and fifty thousand rupees in a

(1) An assessee, being an individual, shall be allowed a deduction of interest payable on loan taken by him from any financial institution for the purpose of purchase of an electric vehicle, as per the provisions of this section.(2) The deduction under sub-section (1) shall be subject to the condition that the loan has been

(1) In computing the total income of an assessee, there shall be deducted, as per and subject to the provisions of this section,—(a) the whole of the aggregate of the sum or the sums paid by the assessee, in the tax year as donations to––(i) the National Defence Fund set up by the Central Government;

(1) In computing the total income of an assessee, subject to other provisions of this section, there shall be deducted any expenditure incurred by him towards payment of rent (by whatever name called) in respect of any furnished or unfurnished accommodation occupied by him for the purposes of his own residence.(2) The deduction under sub-section

(1) In computing the total income of an assessee, there shall be deducted, as per the provisions of this section, any sum paid by the assessee in the tax year to,––(a) a research association which has as its object the undertaking of scientific research, or to a University, college or other institution approved for the

(1) An assessee, being an Indian company, shall be allowed a deduction for the amount contributed by it, other than by way of cash, during a tax year to a political party registered under section 29A of the Representation of the People Act, 1951 or an electoral trust.(2) In this section, the word “contribute”, with

An assessee, (other than a local authority and an artificial juridical person wholly or partly funded by the Government), shall be allowed a deduction for the amount contributed by him, other than by way of cash, during a tax year to a political party registered under section 29A of the Representation of the People Act,

In respect of any tax year beginning on or after the 1st April, 2026, where––(a) the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in section 80-IA of the Income-tax Act, 1961; and(b) such assessee is eligible to claim a