For claiming income tax deduction, the Equated Monthly Installment (EMI) amount is divided into the principal and interest components. The repayment of the principal amount of loan is claimed as a deduction under section 80C of the Income Tax Act up to a maximum amount of Rs. 1 lakh The ma...
In case you have filed your Income Tax Returns before the due date of filing of Returns u/s 139(1) but later realised that there was any omission or mistake in filing your Income Tax Return, you need not worry as you can always file a Revised Return of Income Tax under section 139(5...
INCOMETAXAPPELLATETRIBUNALORDER2009-TIOL-758-ITAT-DEL/sONGCVideshLtdVsDCIT,NewDelhi(Dated:October30,2009)Income-tax-section..