Income Tax - Explore deductions under Sections 24b, 80EE, and 80EEA of the Income Tax Act, 1961, for interest on borrowed capital or housing loans. Understand eligibility, limits, and implications...
Income Tax - Discover the tax advantages of home loans under the Income Tax Act, 1961. Explore Sections 24B, 80C, 80EE, and 80EEA, which offer deductions for interest on loan borrowed, principal repayment, and additional deductions. Gain insights into eligibility criteria and maximize your tax benefits....
Income Tax - Is rental income from sub-letting chargeable to tax under the head Income from house property? Ans: Rental income in the hands of owner is charged to tax under the head Income from house property. Rental income of a person other than the owner cannot be charged to tax under the head Income from house property....
Income Tax - Until a few years ago, homebuyers knew only one way of buying a home -- they saved and saved for years and when they had saved enough, they would invest in a home....
Income Tax - Article delve into the details of Section 80EE, its eligibility criteria, and how to claim the deduction while optimizing your income tax return....
Income Tax - While presenting interim Budget 2019-20 FM proposed to exempt the levy of income tax on notional rent on a second self-occupied house subject to It has been proposed to exempt the levy of income tax on notional rent on a second self-occupied house. Currently, income tax on notional rent is payable if one has more […]...
Digamber Jain Atikshaya Keshtra VPO Bada Vs ITO (ITAT Jaipur) - ITAT Jaipur held that reassessment of income under section 147 of the Income Tax Act other than income in respect of which AO has formed a reason to believe that the income has escaped assessment is unsustainable in law....
Giri Buildwell Pvt. Ltd. Vs DCIT (ITAT Delhi) - ITAT Delhi's ruling on disallowing business expenses under Section 37 of the Income Tax Act. Analysis of Giri Buildwell Pvt. Ltd. vs. DCIT case. Learn more....
Bagaria More Co. Ltd Vs ADIT (ITAT Kolkata) - Analysis of ITAT Kolkata's landmark decision in Bagaria More Co. Ltd. vs ADIT, focusing on the treatment of the cost of amenities provided to tenants under Income from House Property....
Chandrama Prasad Singh Vs State of Bihar (Patna High Court) - Patna High Court held that as Petitioner failed to furnish satisfactory explanation regarding huge fixed assets and cash available with him, bail application of the Petitioner is rejected....
Sandip Chattopadhyay Vs ITO (ITAT Kolkata) - In Sandip Chattopadhyay vs. ITO case, ITAT Kolkata ruled that deductions under sections 24(b), 80C, and 80D cannot be denied for not being claimed in ITR....
RBI/2009-10/ 262 UBD (PCB) BPD Cir No. 34 /16.26.000/2009- 10 - (17/12/2009) - 2. With a view to disseminating information on the SLR status of a Government security, it has been decided that: (i) the SLR status of securities issued by the Government of India and the State Governments will be indicated in the Press Release issued by the Reserve Bank of India at the time of iss...
Digamber Jain Atikshaya Keshtra VPO Bada Vs ITO (ITAT Jaipur) -
Giri Buildwell Pvt. Ltd. Vs DCIT (ITAT Delhi) -
Bagaria More Co. Ltd Vs ADIT (ITAT Kolkata) -
Chandrama Prasad Singh Vs State of Bihar (Patna High Court) -
Sandip Chattopadhyay Vs ITO (ITAT Kolkata) -
Kalpataru Power Transmission Ltd Vs State of Maharashtra (Bombay High Court) -
Mala Etc Vs State of Punjab And Others (Supreme Court of India) -
Larsen Air Conditioning And Refrigration Company Vs Union of India & Ors. (Supreme Court of India) -
Sri S. Muthaiah Vs State By CBI/ACB (Karnataka High Court) -