By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

National Savings Certificate is a fixed-income investment scheme that's backed by the Government of India. But did you know ...

What should I know about this firm? Cambridge Investment Research Advisors Inc is a national financial advisory firm headquartered in Fairfield, IA. The firm has $87.4 billion under management and ...

Federal income taxes for individuals apply to all forms of earnings ... Income Tax? President Abraham Lincoln imposed the first federal income tax by signing the Revenue Act on Aug. 5, 1861.

Pressure is growing on Chancellor Rachel Reeves to change income tax thresholds which have been frozen since 2021 as 84,000 individuals have rallied behind the campaign. Protestors want Ms Reeves ...

Income Tax Appellate Tribunal (ITAT ... the claim of the assessee on the ground that benefit of section 80-IA of the Act is not available to the assessee if the assessee does not e-file Form 10CCB ...

Income Tax case: Section 158AB of the Income Tax Act, 1961, was introduced to reduce repetitive litigation by deferring certain appeals when an identical question of law is pending before the ...

One of the major advantages of the old tax regime is the House Rent Allowance (HRA) exemption under Section 10(13A), which helps salaried individuals significantly reduce their taxable income.

Some of these schemes not only offer guaranteed returns but also provide tax benefits under Section 80C of the Income Tax Act, 1961. Here, one can claim a tax deduction of up to Rs 1.5 lakh per ...

Rajasthan High Court held that profits and gains generated by captive consumption of electricity is eligible for deduction under section 80-IA of the Income Tax Act. Accordingly, appeal of revenue ...

Post Office Savings Schemes in India offer secure investment options with assured returns and tax benefits under Section 80C of the Income Tax Act. The schemes, including PPF, NSC, SSY, SCSS, and ...

Consequently, the primary interpretation of Section 115BAC(1A) is that it has an overriding effect over the Income Tax Act. However, it must strictly adhere to the provisions of Chapter XII wherever ...