SEARCHED FOR:RENTAL INCOME
Budget 2020: What real estate sector expects from FM Sitharaman
The government does acknowledge the importance of real estate sector to kick-...
ITR filing: How to report income from investments
Nearly all taxpayers have income from other sources but few declare. Find out how to report...
Have you filed your income tax return correctly? Find out
Here's a short quiz to help you understand if you are on the right track to file yo...
Budget 2019: Income tax on deemed rent from second house removed
Home owners will no longer have to pay tax on notional rent for second occupied homes.
Budget 2019 hikes TDS limit for rent paid by non-individuals, move to help rental income earners
This limit has now been increased to Rs 2,40,000 per annum. Essentially, this gives tax-related convenience relief to those who depend on rental income.
Covid-19 having a significant impact on operating cash flows of residential and mall developers
ICRA expects the cash flows of malls in FY2021 to get significantly impacted due to the waivers to the tune of 45-60%. Further, the revenue share income is likely to be depressed throughout the year.
Propose to hike TDS threshold on rent income to Rs 2.4 lakh: FM
Among other measures, he said benefits under Section 80(i)BA were being extended for one more year for all housing projects approved till the end of 2019-2020.
Clubbing of income: When you are liable to pay tax on another's income
Sometimes, a taxpayer may have to pay tax on the income of another person. Clubbing provisions in the I-T Act include reporting such income as the taxpayer's income.
What is the tax liability of buying a second house using a home loan?
"Income from house property is taxable once the taxpayer gets possession of the property."
ITR filing: How to claim HRA in tax return
It is now easier to claim HRA exemption- you just need to copy details from Form-16 and paste them in ITR-1.
10 challenges taxpayers face while filing ITR
Some incomes are tax-free, some allow deductions. In such a scenario, computing taxable income is challenging.
ITR filing: Prefilled ITRs now available for all individuals
According to the latest update, the department has started providing pre-filled XML file containing details such as employer details, allowances and so on.
How to file ITR 1 with salary, home loan and other income for FY 2018-19
In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.
Budget 2019 proposes to abolish tax on deemed rent from 2nd vacant house
As per the current income tax laws, notional rent is payable if one has more than one self-occupied house.
ITR Filing: How to verify the validity of Form 16
Every taxpayer should verify and validate the TDS certificate before claiming any tax deduction.