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AVOID RENTAL TAX
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
What is DTAA? How to avoid double taxation on foreign income and claim tax credit in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
Delhi high street retailers push NDMC to rework property taxAt the New Delhi Municipal Corporation (NDMC) under which these markets come, the property tax is up to 25% of the rent collected while in ...
The man who predicted the last crash says something much worse is coming — are you prepared?America’s $38.9 trillion national debt is now reshaping how millions think about money, retirement and survival. Robert Kiyosaki says the U...
Don't put InvITs, REITs on the MATIn India, the backbone of infrastructure funding is built on listed business trusts. However, recent tax reforms have introduced uncertaint...
Rs 40,000 rent vs Rs 1 lakh EMI: CA explains the math changing India’s homeownership debateA chartered accountant suggests renting may be financially smarter than buying property in Indian metro cities. He highlights a gap between...
Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
Invested in overseas property? Know the tax rules after Budget 2026 will impact youAll foreign assets must be disclosed in Indian tax returns in the prescribed manner. Non-disclosure of foreign assets can trigger implicati...
Airbnb guests slammed with new $75 fee, but this legal loophole could save your family bigOcean City, New Jersey, will add a 3% fee to vacation rentals booked via online platforms. This impacts sites like Airbnb and Vrbo. The new...
NRI tax guide: How to declare US rental income in Indian tax returnsResident Indians with rental income from US properties must follow Indian tax laws. Depreciation and other U.S. deductions are not applicab...
Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...
Paying rent in cash without a rent receipt? Know why your HRA claim may be rejected, and you may get an income tax noticeHouse rent allowance: Tenants will get into trouble with the income tax department if they are paying rent in cash and the landlord does no...
HRA tax exemption: Five things to know about rent paid to spouseThe rent received is taxable, but not all of it. There is a 30% standard deduction on rental income. If the spouse gets Rs 6 lakh per year ...
- Posted abroad? Buy property, the NRI way
Real estate is popular as an investment avenue. If you are already servicing a home loan while going on a posting abroad, nothing much chan...