Chapter VI-A Deductions
Definition
The set of income-tax deductions in India grouped under Chapter VI-A — including Sections 80C, 80D, 80G and others — that reduce gross total income, chiefly under the old regime.
Related Terms in India GST
Section 80CCD (NPS)
A deduction for contributions to India's National Pension System, including an additional deduction over the Section 80C ceiling and a separate deduction for employer contributions, subject to limits.
Section 24(b) — Home Loan Interest
A deduction for interest paid on a housing loan against income from house property in India, subject to a cap for a self-occupied property under the old regime.
TDS on Property (Section 194-IA)
A requirement for a buyer to deduct tax at source on the purchase of immovable property in India above a value threshold, depositing it against the seller's PAN.
Securities Transaction Tax (STT)
A tax levied in India on the purchase and sale of securities such as shares and derivatives on recognised exchanges, collected at the time of the transaction.
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