Posts

Section 80C of Income Tax Act: Deduction Limits & Eligibility 2026 Guide

-
Image
  Section 80C of Income Tax Act: Deduction Limits & Eligibility 2026 Guide Introduction Tax saving is one of the most important aspects of financial planning for individuals and businesses in India. Among all tax-saving provisions, Section 80C of the Income Tax Act is the most popular and widely used. It allows taxpayers to reduce their taxable income by investing in specific financial instruments. However, many people still do not fully understand the deduction limits, eligibility criteria, and best ways to maximize benefits under this section. At Sharda Associates , we guide clients with proper tax planning strategies to ensure maximum deductions while maintaining full compliance with income tax laws. What is Section 80C of the Income Tax Act? Section 80C is a provision under the Income Tax Act, 1961, that allows individuals and Hindu Undivided Families (HUFs) to claim deductions on certain investments and expenses. The primary objective of this section is to encourage savi...
Post a Comment
Read more

Business Financial Planning Services

-
Image
  Business Financial Planning Services: How to Manage Cash Flow & Growth In today’s fast-changing business environment, managing finances is no longer optional—it’s essential. Many businesses fail not because they lack customers, but because they fail to manage their cash flow and financial planning properly. This is where business financial planning services play a crucial role. These services help businesses control expenses, plan future growth, and maintain financial stability. With expert support from Sharda Associates, businesses can build a strong financial foundation and avoid common financial mistakes. What is a business financial planning service? Business financial planning services refer to professional strategies used to manage a company’s finances efficiently. It includes budgeting, forecasting, cash flow management, and investment planning. In simple terms, it helps businesses answer the following: How much money is coming in? Where is it being spent? How can it ...
Post a Comment
Location: India
Read more

Section 194A Income Tax Act: TDS on Interest Income

-
Image
  Section 194A Income Tax Act: TDS on Interest Income Section 194A provides for the deduction of tax at the source (TDS) on interest income derived from bank deposits, loans, or other non-security sources. When the interest exceeds the statutory threshold, the payer is legally required to deduct tax, which directly affects the recipient's net income. Naturally, many taxpayers question why these entries show on their Form 26AS. Understanding this rule is critical for all parties to guarantee proper reporting and regulatory compliance.  Key Takeaways Section 194A imposes a 10% TDS on non-security interest above certain thresholds. PAN is required; without it, TDS increases to 20%. Forms 15G/15H or Section 197 allow lower or nil deduction. Timely deduction and deposit avoid penalty, interest, and expense disallowance.   What is Section 194A of the Income Tax Act? Section 194A of the Income Tax Act addresses the deduction of tax at source (TDS) on interest income derive...
Post a Comment
Location: India
Read more