Can You Claim HRA Exemption Under New Tax Regime and With Home Loan? Explained
The government has introduced a new tax system called the new tax regime (under Section 115BAC), which offers lower tax rates but removes many common...
![Deduction claimed u/s 80C of Income Tax Act cant be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-claimed-Income-Tax-Act-cant-be-rejected-of-Non-mentioning-of-Claim-ITR-ITAT-TAXSCAN.jpg "Deduction claimed u/s 80C of Income Tax Act cant be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]")
![Interest paid on Loan for Repayment of earlier loan for Construction of property may be Deductible from House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-paid-Loan-Repayment-loan-Construction-property-Deductible-House-Income-ITAT-TAXSCAN.jpeg "Interest paid on Loan for Repayment of earlier loan for Construction of property may be Deductible from House Property Income: ITAT [Read Order]")
Deduction of Interest u/s. 24(b) based on Wrong Assumption of facts and Applying Incorrect Law: ITAT upholds Review u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that deduction of interest under section 24(b) based on the wrong assumption of facts and applying incorrect law and upholds review under...
![Deduction of Interest u/s. 24(b) based on Wrong Assumption of facts and Applying Incorrect Law: ITAT upholds Review u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Interest-section-24b-Wrong-Assumption-Incorrect-Law-ITAT-section-263-Taxscan.jpg "Deduction of Interest u/s. 24(b) based on Wrong Assumption of facts and Applying Incorrect Law: ITAT upholds Review u/s 263 [Read Order]")
Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that the professional charges paid by the assessee for processing of loan for the construction of the property cannot be...
![Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Expenditure-Taxscan.jpg "Professional Charges for Processing Loan for Construction of Property from which Assessee Received Rental Income not allowable as Business Expenditure: ITAT [Read Order]")
Capital Gain Exemption u/s 54F is available on Residential House Constructed on a Commercial Plot: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) comprising of Judicial Member Vijay Pal Rao has held that Capital Gain Exemption is available on residential house constructed on a commercial...
![Capital Gain Exemption u/s 54F is available on Residential House Constructed on a Commercial Plot: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Capital Gain Exemption u/s 54F is available on Residential House Constructed on a Commercial Plot: ITAT [Read Order]")