![]() ![]() Section 24 (b) – Deduction from Income from House Property on interest paid on housing loan and housing improvement loan. ![]() Investments / Payments / Incomes on which I can get tax benefit The option can be exercised for every previous year where the Individual or the HUF has no Business Income.įor a person having Business Income, once the option to be taxed under the new tax regime has been exercised for a previous year, shall be valid for that previous year and all subsequent years till the business continues to exist. The taxpayer opting for concessional rates in the new tax regime will not be allowed certain exemptions and deductions (like 80C, 80D, 80TTB, HRA) available in the old tax regime. Individuals & HUFs can opt for the existing tax regime or the new tax regime (with lower rate of taxation) (u/s 115 BAC of the Income Tax Act). Report from a chartered accountant containing details of all international transaction(s) and specified domestic transaction(s) To be furnished atleast one month before the due date for furnishing the return of income under sub-section (1) of section 139. Taxpayer who enters into an international transaction or specified domestic transactions is required to obtain a report from a chartered accountant u/s 92E. Path to Access AIS: Go to e-filing portal>login>Services>AIS
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