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HOUSE RENT TAXATION
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
Bengaluru CA explains zero tax trick on Rs 17 lakh rent income : 'No bills, no receipts....'India's tax framework allows certain individuals to legally reduce rental income tax to zero. A flat 30% deduction on gross rental income, ...
Salary hike of 66%, but savings down? CA warns of silent middle-class crisis in 2026Urban professionals face a silent crisis as rising salaries fail to keep pace with escalating costs of living. Inflation in essentials like...
6 things salaried taxpayers want from Budget 2024: Hike in standard deduction, HRA exemption, work from home benefits and moreBudget 2024 expectations: The upcoming budget is expected to address salary taxation to benefit salaried individuals and boost the economy....
HRA claims: Income tax dept clarifies no special drive to reopen cases of mismatchRefuting reports that there is a special drive by the department to reopen cases regarding House Rent Allowance (HRA), the Central Board of...
When is TDS to be deducted from house rent payments to the landlord?If you are paying a house rent of more than Rs 50,000 per month, then make sure to deduct TDS from such rent and deposit it in the governme...
Explained: Taxation of income from other sources in the hands of Non-ResidentsAn NR not only includes an Indian citizen who stays outside of India (commonly referred to as Non-resident Indians or NRI) due to education...
Can I claim HRA tax break on accommodation rented for 6 months?The exemption for House Rent Allowance is denied to employees if he or she occupies a house which is owned by them or there is no actual pa...
Budget 2019: Income tax on deemed rent from second house removedHome owners will no longer have to pay tax on notional rent for second occupied homes.
3 taxes no one should have to payImagine paying tax on income you haven’t earned or may never earn. Here are 3 cases where individuals are required to pay tax on such incom...
Budget 2016: Five expectations of a common manHousing and taxation seem to be the biggest issues concerning the common man amongst others, so we list for you the 5 expectations that the...
Developers eye tax relief on deemed rental income in upcoming budgetFinance minister Arun Jaitley, at a conclave conducted by CREDAI, has assured the developers and builders that the government will look int...
Real estate developers eye tax relief on deemed rental incomeFM Arun Jaitley, at a conclave conducted by CREDAI, has assured the developers and builders that the government will look into the tax issu...
- Q & A: Taxation
Note that when you own multiple self-occupied houses, only one of them at your option can be considered as self-occupied for the purposes o...
- Invest overseas, pay tax at home
Though foreign exchange regulations permit resident individuals to invest up to $2 lakh abroad in a financial year, they are not entitled t...
- Breather for property owners in DTC Bill 2010
Broadly, the rules are in sync with the present system of taxation, but one has to wait till April 2012 to see how it unfolds for the actua...
Changes in property taxationHere are some details of proposed changes in taxation of income from house property.