In the complex world of tax deductions can be daunting, but understanding which medical expenses you can deduct can ...

Nationwide offers cyber liability insurance for a wide variety of industries, with useful add-ons like legal consultations and network vulnerability testing. NEXT covers data breaches, ransomware, ...

Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

The home office deduction is a tax break that some self-employed people who work from home can use to lower their taxable income. Here's what you need to know.

Borrowers who paid at least $600 in student loan interest should receive a 1098-E form from their loan servicer to report on their tax return. Additionally, the deduction is classified as an ...

Conclusion: Deduction under section 80IA(4) couldn’t be denied solely due to the delayed filing of Form 10CCB, as the audit report was filed before the return was processed. Held: Assessee-company had ...

No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax Act is available under the old tax regime only. For the upcoming fiscal year ...

You don't buy a house for the tax deductions. It's just a nice side benefit. And usually very much appreciated, considering all the extra expenses associated with homeownership. Here are eight tax ...

Among the most anticipated measures is an increase in the standard deduction, a tax break that provides relief to salaried individuals. Experts are pushing for a higher standard deduction ...

The dispute arose during the assessment for the assessment year 2010-11, where the assessee, a joint venture, had claimed a deduction under section 80IA(4) of the Act. The Assessing Officer (AO) ...

Experts are advocating for the inclusion of HRA, enhancements to Section 80C tax deductions, and a standard deduction of Rs 1 lakh in Budget 2025. The Union Budget 2020 introduced the New Tax ...