Income-Tax Department Keeps Hawk-Eye on TDS and ITR Mismatch

The Income Tax (I-T) department is closely scrutinising differences in tax deducted…

Avoid mistakes while claiming deduction under section 80C

The most attractive section of Chapter VI A of the Income Tax…

Tax Query: Can I claim deduction on housing loan under new tax regime?

I have a house property let out for an annual rent of…

Tax Query: Can NRIs claim deduction on donations?

Mr Amit is a non-resident Indian living in Australia. He wants to…
HRA

Salaried Employees Can’t Claim Both Deductions Under Section 80GG and HRA

The income tax department has sent notices to many salaried employees to…

Is the extra Rs 1.5 lakh deduction for home loan announced in Budget 2019 useful?

Mr Ravi wanted to purchase a house property worth Rs 45 lakh…