Furthermore, based on this approach, the owner has assessed an income tax depending on the amount of rent received. So, any net income or loss made as a result of this will be added to or deducted from the income generated by the other properties. 4. Capital Gain These types of gains ...
3- INCOME FROM HOUSE PROPERTY (TREATMENT OF UNREALISED RENT & PROPERTY TAX ) 4- INCOME FROM HOUSE PROPERTY - PROVISION FOR ARREARS OF RENT AND UNREALIZED RENT RECEIVED SUBSEQUENTLY [SECTION 25A] 5- INCOME FROM HOUSE PROPERTY -COMPUTATION OF INCOME FROM HOUSE PROPERTY FOR DIFFERENT CATEGORIES OF ...
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“In case an employee opts to lease a car through their employer, wherein the employer directly pays the car lease rentals to the leasing company, such rental payments would form a part of the CTC of the employee. However, as such rental payments are directly paid by the employer to the...
Income Tax Advice -House Rent Allowance -Housing Property -Investment under section 80C -Leave travel Allowance Read more » LIC Best Plans -Jeevan Saral - Best LIC PLan -Jeevan Anand Good Plan -Jeevan Ankur- Best Child Plan -Jeevan Nidhi - Best Pension Plan ...
House Property Income Income generated from house property that is situated in India is taxable here. Theincome tax calculationrule will be followed as same as a resident’s. Whether the property is vacant or rented out, it is liable to pay income tax on that. An NRI is also entitled to...
House Rent Allowance (HRA) Conveyance Allowance Daily expenses in the course of employment Relocation allowance Helper allowance Children education allowance Other special allowances Standard deduction on the Salary Professional Tax Interest on housing loans (Section 24) ...
Rent from House Property Bank/FD Interest Does not include Business Income Order Now PLAN B Capital Gain & Other Sources ₹ 2,499/- EVERYTHING OF PLAN A + Capital Gain from Mutual Fund or Stock Capital Gain on sale of property. Gift Cases Other Sources Order Now PLAN...
You can get more but it does not really matter as income tax India has some clever house rent allowance rules to keep you away from taking tax exemption if you go above a certain amount. #2 Medical, Conveyance, Food Coupons Medical, Conveyance and food coupon’s tax exemptions are fixed ...
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