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HOME OFFICE DEDUCTION
Waiting on income? Deferring payments into next year could reduce your 2026 taxable income, but there is a catch you should know firstIf you’re self-employed and expect a lower income next year, delaying eligible payments until January could reduce your current-year taxabl...- Think your Roth IRA lowers your taxes this year? It doesn't, because contributions aren't deductible, and here is who should use it nowMany small business owners fund a Roth IRA expecting an immediate tax break. That calculation is flawed. Roth IRAs run on after-tax income....
- Self-employed? An S-Corp election could slash your self-employment taxes in 2026, and here's what smart business owners are doing todayFor self-employed owners, the biggest 2026 tax decision may not be another deduction. It could be how the business is structured. An S-Corp...
- ALPA India seeks tax relief for pilots in FY28 BudgetALPA India has called for tax relief measures to address the ongoing attrition of Indian pilots. The organization argues that the current t...
- Cashless health insurance claims: What policyholders can do when hospitals and insurers clash over bills, approvals, and deductionsInflated bills, delayed approvals, arbitrary deductions. As hospitals and insurers trade charges, policyholders are left footing the bill. ...
- Why are Registered Investment Advisers so rare in India? The big reason may surprise investorsIn the Indian investment landscape, a stark difference exists between mutual fund distributors who earn commissions and fee-only advisors w...
- Rs 34.8 lakh difference in price and stamp duty added to husband's income for taxation despite jointly owned property - ITAT Mumbai calls it 'not justified'A husband and a wife bought a flat jointly for Rs 60 lakh, however, the stamp duty value stood at Rs 94.8 lakh, leading to a difference of ...
- UK to raise student visa maintenance requirement from November 2026The UK will raise the financial requirement for international students from November 30. Applicants studying in London will need to show up...
- The 'trustworthy' changes in the lives of India's middle classDigital payments and tax reforms have significantly altered middle-class spending habits. GST has streamlined consumption taxes, impacting ...
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...
- Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...
- Labourer finds Rs 50 lakh diamond in Panna mine abandoned for a year, says it was ‘right on top’In a remarkable turn of events, seven miners in Panna unearthed a stunning 16.96-carat diamond that is projected to yield over fifty lakh r...
- Rs 50 lakh jewellery vanishes from SBI locker: Woman alleges bank negligence after being told she no longer had a locker following bank mergerJewellery worth around Rs 50 lakh has mysteriously gone missing from an SBI bank locker. The locker holder has lodged a complaint alleging ...
- The Wealth Company launches GIFT City Fund to offer overseas investors India mutual fund exposureThe Wealth Company has launched an open-ended Category III AIF in GIFT City, offering eligible non-resident investors, including NRIs, a US...
- Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employeesContractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administ...
- Homeowners may get 8 new tax deductions under the ‘One Big Beautiful Bill’The One Big Beautiful Bill updates several tax deductions for homeowners starting in the 2026 tax year. These include mortgage interest, pr...
- Complete guide to saving money on taxes in 2025: Easy tips for retirement, health, home, education, children, and moreYou can save money on taxes by using retirement accounts, health savings accounts, and education credits. Parents can get benefits for chil...
- Work From Home Tax benefits: Who can avail home office deductions?Work From Home doesn't always guarantee tax benefits. There are certain conditions to avail home office deductions.
- Why Budget 2022 should give tax breaks for employees working from homeFor employees working from home, there is a cost involved such as enhancing their internet connectivity, spend more on mobile/telephone exp...
- NRIs in the US: IRS simplifies home office deduction‘Safe harbor’ method is an alternative to the existing requirement of calculation, allocation & substantiation of actual expenses, includin...
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