Allowable Deductions from Income while Filing Return of Income

• December 28, 2020
• CA Chandan Agarwal's Office

Deductions from Gross Total Income

This Article covers the common deductions which can be claimed while filing Income Tax Return.

Most Common Deductions are classified in the following Categories for easy understanding-

1. Income Based Deductions

2. Standard Amount of Deductions

3. Investment Based Deductions

4. Expenses Based Deductions

Before going to any Specific Deductions, Lets see the Basic Rules for claiming Deductions:

Read more on: https://taxguru.in/income-tax/allowable-deductions-income-filing-return-income.html