Section 24(a) vs Section 24(b): Key Differences in Standard Deduction & Housing Loan
🔹 1. Section 24(a) – Standard Deduction Case Laws: ï‚· CIT v. J.K. Investors (2001) – Deduction allowed irrespective of…
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Section 24(b) of Income Tax Act: Home Loan Interest Deduction, Amendments & Case Laws
Section 24(b) provides a deduction on the interest paid on a home loan (housing loan) when computing income under the…
The Income-tax Act, 2025 – A Landmark Reform in India’s Direct Tax Regime
On 21st August 2025, the Income-tax Act, 2025 received the Hon’ble President’s assent, officially replacing the Income-tax Act, 1961 after…