Mumbai ITAT permits deduction under Section 57(iii) for ₹30.90 lakh interest paid on housing loan deployed to earn interest income. The ruling confirms that loan purpose, not its label, determines ...

Charitable giving will look different for many donors in 2026. The One Big Beautiful Bill Act (OBBBA) signed in July ...

Planning a home loan? If spouses are co-owners and co-borrowers, each can claim up to ₹2 lakh in interest, maximising overall tax benefits.

The Tribunal ruled that when no new loans are borrowed or granted, taxpayers need not re-prove nexus annually. Interest paid deduction under section 57(iii) was ...

Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...

Under the allowed deductions, salaried employees and regular pensioners can claim a standard deduction of Rs 75,000, which remains one of the biggest reliefs in the new regime.

You might be putting up a tree or decorating your home now, but you'll be filing your 2025 taxes before you know it.

Choosing between closing your student loan faster and beginning SIPs early comes down to interest cost, realistic returns and ...

Larry and Barbara Cook thought they were helping government agents. In the end, they found themselves victims of tax and ...

The Fed is expected to lower its benchmark interest rate by a quarter percentage point. It could be a split decision.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Tax season in 2026 will look very different for older Americans filing 2025 returns, as a new wave of deductions reshapes how ...