Income tax filing: Yes, you can claim tax deduction for under-construction property. Here’s how to do it

Income tax filing: Yes, you can claim tax deduction for under-construction property. Here’s how to do it

It is important to understand that you are eligible for deduction on interest paid on your home loan under section 24(b) of the Income Tax Act . However, there are specific regulations when and how this deduction can be availed. For instance during the construction phase, the interest paid on a home loan is termed … Read more

ITR filing: I-T dept introduces 3 utilities for filing ITR form 3 for AY 2024-25. Check details.

ITR filing: I-T dept introduces 3 utilities for filing ITR form 3 for AY 2024-25. Check details.

Income Tax filing 2024: The Income Tax Department has released offline, online, and Excel utilities for ITR-3 for taxpayers for FY 2023-24 (AY 2024-25). To file the returns this year, individuals who need to file ITR-3 can now use one of utilities — offline (Java), online or Excel-based.  The three utilities are now available for … Read more