deductions

ITR filing: Here is a lowdown on new income tax regime— check exemptions and deductions

Although a range of tax-related changes are introduced every year for taxpayers, a few key changes are ‘radical’ and occur…

2 months ago

ITR Filing: Essential income tax exemptions and deductions every taxpayer should know

Certain allowances are exempt from income tax up to certain thresholds. This essentially lowers your taxable income, which in turn…

3 months ago

Tax tribunals allow deductions for donations part of CSR spend

MUMBAI: Delhi and Mumbai benches of ITAT recently allowed a deduction under section 80-G of the I-T Act to two…

3 months ago

ITR Filing: Exemptions and deductions that senior citizens can claim for FY24

A senior or super senior who earns more than the exemption amount is still required to pay taxes even though…

4 months ago