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 ...

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 ...

Thanks to the TCJA, fewer donors are able to claim tax deductions. But you may be able to turn your generosity into tax ...

A new tax break in the “One Big Beautiful Bill Act” lets eligible buyers deduct interest on qualifying new vehicle loans from ...

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.

President Trump's new tax law allows Americans to deduct up to $10,000 in car loan interest annually. However, strict income ...

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

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

Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...