Section 80D is worth understanding properly because the benefit depends not only on buying cover, but also on choosing the ...

The ITAT held that provision for dealer incentives under a sales promotion scheme was based on a scientific method and not a contingent liability. The disallowance made by the tax authorities was ...

ITAT Chennai held that where unaccounted purchases are found and the corresponding sales are not doubted, only the profit element embedded in such purchases can be brought to tax, and not the entire ...

A non-resident can claim deduction under section 80C through various items though a non-resident is not entitled to open a ...

As the financial year ends on March 31, 2026, taxpayers under the old regime must urgently complete investments in instruments like PPF, ELSS, and NPS to claim deductions up to Rs 2 lakh.

Section 80D of the Indian Income Tax Act 1961 allows you to get a deduction on premiums paid for yourself as well as for your ...

New vs old tax regime FY 2026-27 — real tax calculations, break-even table, 5 case studies, and a clear verdict for every ...

Contribution to the NPS remains one of the few tax-saving options available under both the old and the new tax regimes, though the benefits are higher in the old regime.

While the Income Tax Act 2025 replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are unlikely to see any ...