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RENTAL INCOME FROM HOUSE AND TDS DEDUCTION
Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...
SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...
Should I sell my flat and invest to earn interest, or keep it and earn rent in my retirement?ET Wealth Reader's Query: I own a two-bedroom flat in Bengaluru, which is about 10 years old, and have no outstanding loan. I am a senior c...
Cab driver was laid off from tech, now earns Rs 1.2 lakh a month. He said, 'Rs 40,000 job was just a side income'Pratham, a social media user, shared a conversation with a cab driver who had recently been laid off from a tech company. The driver appear...
ITR filing 2026: How freelancers and F&O traders should declare their incomeEarning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...
CA challenges ‘buy your home early’ advice: Why your 30s should focus on wealth buildingCA Nitin Kaushik challenges the advice to buy a home early, arguing that ages 25 to 40 should prioritise asset accumulation. He recommends ...
FD rate up to 8.05% for senior citizens investing for five years; Know list of banksFixed Deposit (FD) rate for senior citizens investing for five years. The article has a chart using which you can compare the top banks whi...
Actor Ajay Devgn, mother to earn Rs 16 lakh/month from Juhu bungalow lease - check Juhu Road property price trendsJuhu is one of the top localities in Mumbai by property prices too. The average asking price here is Rs 45,000 per sq. ft. The data further...
Delhi Master Plan 2047 eyes 40 lakh homes, with small & affordable housing at its coreDelhi's Master Plan aims to build forty lakh new houses by 2047. The strategy prioritizes small-format affordable homes and rental housing ...
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...
Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...
Land supply, urban planning reforms critical for affordable housing, says NITI Aayog's Rajiv GaubaLand supply and urban planning reforms will be critical to expanding affordable housing in Indian cities, with states and municipal authori...
Lower or nil TDS certificates to go fully online soon, rules being framedNew rules are being prepared for electronic applications for lower TDS certificates. Taxpayers can soon apply online for reduced or nil tax...
6 reasons you may get income tax notice even after meeting July 31 ITR filing deadlineFiling your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between report...
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explainedNon-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program ...
Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
HC seeks govt reply on auto TDS refund pleaThe Delhi High Court has asked the government for its response on a plea. This plea seeks automatic tax deducted at source refunds for indi...
Noida, Gurugram lead India's housing boom with up to 125% price growth: ANAROCKIndia's top housing markets delivered strong dual returns between 2019 and Q2 2026, combining capital growth with rising rental yields, an ...
FD rate up to 8.3% for senior citizens investing for three years; Know list of banksSelect banks offer senior citizens fixed deposit interest rates up to 8.3 percent. Jana Small Finance Bank provides this highest rate for a...
TDS deducted but you haven't filed your ITR yet? Here's what happens if you miss the July 31 deadlineFailing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late fi...