Live Breaking News & Updates on Income Tax Rules|Page 5
Stay updated with breaking news from Income tax rules. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Financial Literacy News: Employees opting for the old tax regime should be aware of the various exemptions and deductions that they can claim to reduce their tax. Leave Travel Allowance (LTA) is one such benefit. If it's included in their salary or cost-to-company (CTC), employees can claim it. ....
India Business News: New versus old tax regime: Resident individuals with total income up to Rs 5,00,000 are eligible for tax rebate under the regular tax regime. For resi ....
The Calcutta High Court has held that payments by supervisors to individual labourers, each not exceeding Rs. 20,000, cannot be disallowed under Section 40A(3) of the Income Tax Act, 1961.The bench of. ....
The Bombay High Court has held that the Assessing Officer should record his dissatisfaction with the correctness of the claim of the assessee in respect of the expenditure, and to arrive at such. ....