ITAT Mumbai held that deduction under Section 80JJAA cannot be allowed when not claimed in the original return of income. Section 80A(5) bars such belated claims raised for the first time before ...
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The taxpayers are gearing up to file the Income Tax Return (ITR) for the financial year 2024-25 to fulfil their tax obligations. The Income Tax Department is expected to notify the forms for ...
The Court held that losses already set off in earlier years cannot be notionally carried forward for computing deduction ...
Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...
India's tax framework has provided considerable relief to taxpayers through deductions from their total income over the years. However, these benefits have been available to taxpayers opting for the ...
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