The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

Itemizing your taxes is great when you are a homeowner. As you file taxes for the 2024 tax year, there are some deductions you may be able to take and others that you cannot.

In the recent ruling ITAT held that deduction u/s 54B would not be applicable in case land was not used for agricultural purposes in two years preceding date of transfer.