This means that the accommodation should be in a place where you are employed. Moreover, you should not be the owner (sole owner or co-owner) of the accommodation for which you are paying rent. This situation may arise, when the tax payer pays rent to the joint owner of the property,...
We assessed the relationship of the 2004 presidential election results, income tax data and personal health care spending-(PHCS) by performing a cross-sectional assessment of state-level data, using linear regression analysis overall and within the election result groups. The associations of these da...
So certain percentage of that income can be deducted from the income before completely finalising your income. As far as my knowledge goes you can claim up to 49% of the income as expenses. But if the income in this category is high, it is better to go to a tax consultant to finalise...