F.Y. 2017-18 and subsequent Year.
Tax Checklist. This form is to assist you in gathering your income tax information. Use it as a guide for information you need to provide. Please call or e-mail with any questions. GENERAL INFORMATION: ? First, middle initial, and last names of taxpayers and dependents as written on the Social. Security cards, and dates of
Income Records. You need all 1099 forms plus W-2s from your spouse (if applicable). Estimated Tax Payments. Gather all paperwork related to tax payments made during year, including state, federal, property, etc. General Ledger. Your ledger should list out contents of every expense category you plan to deduct from your.

Where the Central Government makes any contribution to the pension account, deduction of such contribution to the extent of 10% of salary shall be allowed. Further, in any year where any amount is received from the pension account such amount shall be charged to tax as income of that previous year. The Finance Act,.
Section 80c. Under Section 80C, the maximum tax exemption limit is Rs 1.5 Lakhs per annum. Section 80CCC. Section 80CCD. Section 80DD. Section 80DDB. Section 80U. Section 80D. Section 24: Income Tax Benefit for Interest paid on Home Loan.
Income Tax Deductions for FY 2016-17 (AY 2017-18). List of important Income Tax Exemptions. Tax Deduction limits under few Sections of the Income Tax Act. The important sections and new proposals with respect to Income Tax Deductions FY 2016-17. This list can help you in planning your taxes. Income Tax Deductions
Before you begin to prepare your income tax return, go through the following checklist. Highlight the attach the list to a folder of your tax documents, and check items off as you add them to the folder. The government offers a number of deductions and credits to help lower the tax burden on individuals, which means
Section 80C of the Income Tax Act provides provisions for tax deductions on a number of payments, with both individuals and Hindu Undivided Families Section 80C has an exhaustive list of deductions an individual is eligible for, which have led to the creation of suitable sub-sections to provide clarity to taxpayers.

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March 2018