This means if you want to avail any of these exemptions, you must opt specifically for the old tax regime. Here, we list some ...

If you are married and filing separately, your allowable mortgage interest deduction is limited to interest paid on the first $500,000, even if you purchased the home prior to Dec. 16, 2017.

Although the typical deductions for investment in the tax-saving instruments such as PPF, ELSS, KVP and NSC, have been phased ...

ITAT Mumbai held that additional claim of deduction of bad debts under section 36 (1) (vii) of the Income Tax Act filed during the course of assessment other than filing a revised return is allowable.