what cash expenses can be shown in personal account to reduce tax burden?
1 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 05 August 2013
To reduce the Tax burden one can :
1) Invest in Life Insurance Policy
2) Take out Medicliam Policy
3) Invest in PPF
4) Invest in NSC
5) Make Donations to Charitable Trusts registered u/s 12AA of the Income Tax Act, 1961.
Cash expense cannot be a solution to reduce Tax Burden.
Regards,
Devendra Kulkarni
Recent Topics
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
Related Threads
CAclubindia
