Law Notes, Taxation Law
COMPREHENSIVE LEGAL AND FINANCIAL ANALYSIS OF SECTION 80C DEDUCTIONS UNDER THE INDIAN INCOME TAX ACT, 1961
Section 80C of the Income Tax Act, 1961, stands as a cornerstone in India’s tax-saving framework, offering individuals and Hindu Undivided Families (HUFs) a structured avenue to reduce their taxable income. By allowing deductions up to ₹1.5 lakh annually on specified investments and expenditures, Section 80C not only incentivizes savings but also promotes long-term financial planning among taxpayers.
