If you have money in tax-deferred retirement accounts, such as traditional IRAs, 401(k)s, and other types of retirement savings for which you received a tax deduction for contributing, you can't ...

ITAT Ahmedabad held that interest received by co-operative society from SBI, which is a Nationalized Bank, is not allowable as per the section 80 (P) of the Income Tax Act. Accordingly, AO directed to ...

ITAT Mumbai held that additional claim of deduction of bad debts under section 36 (1) (vii) of the Income Tax Act filed during the course of assessment other than filing a revised return is allowable.