It's been nearly a month since President Trump signed the new tax reform bill into law. Figuring out how the new deduction for pass-through businesses will work is challenging. Sometimes it helps ...

Chapter VI A of Income Tax Act contains various sub-sections of section 80 that allows an assessee to claim deductions from the gross total income on account of various tax-saving investments ...

CHART: How The Republican Tax Overhaul Would Affect You If you itemize, a new, higher standard deduction might make doing your taxes easier. If you run a "pass through" business, your life might ...

Budget 2020: Tweak Chapter VI-A deductions to give relief to taxpayers Budget 2020-21: The tax break of Rs 1.5 lakh under Section 80C needs to be increased, even as the scope of Section 80D should ...