HRA

Income Tax in Case You Own More Than One House Property

If a taxpayer owns many house properties, the Income Tax Act allows…

Is it possible to claim HRA even if you stay with your parents?

House Rent Allowance (HRA) is one of the components of the salary…

ITR Filings: Remember to Include These Incomes

The Central Board of Direct Taxes has extended the deadline for filing…

New announcements by FM, income tax relief for property owners

In a press conference held by the Union Finance Minister Nirmala Sitharaman…

Tax Query: What is the new criteria to file ITR if annual income is below taxable limit?

For the FY 2019-20, I incurred expenses on foreign travel for self…

Tax Query: How can I set off business loss against other income sources?

I have a loss from the business of trading in futures and…
HRA

Tax Query: Is rental income taxable for the recipient or the owner?

I am the owner of house property and also receive rent from…

Tax Query: Can I claim deduction on housing loan under new tax regime?

I have a house property let out for an annual rent of…

Tax Query: Can co-owners of the same house claim tax benefits?

Mr Raj has recently bought a complete apartment jointly with his wife.…

Tax Query: Should NRIs file ITR in India if taxable income exceeds Rs 2.5 lakh?

If a non-resident Indian (NRI) has a vacant and locked house along…