If you have taken a loan, then you get income tax returns exemptions on the repayment of principle amount up to Rs 1.5 lakh in a year. Under Section 24B of the Income Tax Act, people who have taken ...

Taxpayers choosing the old income tax regime for the Assessment Year 2025-26 will face increased scrutiny when claiming deductions, as the Income Tax Department has introduced stringent disclosure ...

It's that time of year again when taxpayers across the country start preparing to file their income tax returns. If you're getting ready to submit your ITR for the financial year 2024–25, ...

As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that can help in accurate tax calculation, availing deductions, and choosing the ...

Home Loan Benefit: A home loan borrower must know the income tax rebate available under Section 80C, Section 24b and Section 80EEA. Home Loan Benefit: Under Section 80C, one can claim income tax ...

ITR Filing 2024: Without this document, you can't claim income tax deduction on home loan interest (Representational Image: Freepik) Income Tax Return Filing for AY2024-25: The deadline to file income ...

Home buyers are looking up to the Union Budget 2016 with a lot of expectations. Surabhi Arora captures some of the key demands. Advisory Alert: It has come to our attention that certain individuals ...