The last date for filing income tax returns for the financial year 2020-21 is 30 September 2021. Any person who is below 60 years of age, who earns Rs 2.5 lakh annually, is exempted from income tax. Any person whose total income exceeds the tax exemption limit, he has to file income tax return. We …
Personal loan is an unsecured loan, the Income Tax Department does not give any on it, but we are going to tell you that if you have taken a personal loan for someone, then you can claim tax exemption on it. Most of us know that Income Tax Deduction is not available on personal loan. …