Since there was no standard format required by salaried employees to disclose their investment details to their employers, each employer had to submit proof for each investment made in the year. The ...

Effective June 1, all employees will have to fill in a new form 12BB issued by the central board of direct taxes in order to claim a tax deduction on LTA (Leave Travel Allowance), HRA (House Rent ...

NEW DELHI: The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and ...

Income Tax HRA claim: Even if you do not have landlord’s PAN, here is how you can do it The newly introduced Rule 26C of the Income-tax Rules, 1962 requires employee to mandatorily furnish Form 12BB ...

New Delhi, May 3 () The Income Tax Department has brought out a new form making it mandatory for salaried taxpayers to furnish proof of travel for claiming tax deduction on LTA or LTC. The details to ...

As per the provisions of Section 10(13A) of the Income-tax Act,1961, house rent allowance (HRA) exemption is not available where the accommodation occupied by the assessee is owned by him or the ...

Important Year-End Tax Strategies The financial year ends in March, but December 31 is a critical tax-planning checkpoint. Many tax-saving actions must be planned early to avoid last-minute rush and ...

CBDT has introduced a new form 12BB to claim tax rebate effective from June 1, 2016In a bid to check on false claims with respect to deductions such as LTA/ LTC, HRA and interest paid on home loans, ...

New Delhi: The Income Tax Department has brought out a new form making it mandatory for salaried taxpayers to furnish proof of travel for claiming tax deduction on LTA or LTC. The Central Board of ...

The Income Tax Department has brought out a new form making it mandatory for salaried taxpayers to furnish proof of travel for claiming tax deduction on LTA or LTC. The Income Tax Department has ...