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Taxpayers advised to claim newly inserted Deductions under Income Tax Return filing 2019-20
The Government has introduced two new deductions namely deduction for interest on affordable housing loan and deduction for interest on electric...
![Discount cant be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/diss.jpg "Discount cant be treated as Bogus If Some Customers Denied: ITAT allows Deduction to Developers [Read Order]")
![A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Deductions-Supreme-Court-of-India-Taxscan.jpg "A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]")
![All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]")