Browsing Tag

House property

14 posts

Tax Query: Do I have to pay 12% on house property when the rate has been reduced to 5%?

1. I plan to purchase an apartment for Rs.62 lakh in Chennai.…

Joint ownership of a house property has additional tax benefits

Buying a house property is everyone’s dream. There are various income tax…
HRA

Income Tax in Case You Own More Than One House Property

If a taxpayer owns many house properties, the Income Tax Act allows…
  • Jyoti Arora
  • Posted on

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…
  • Namita Shah
  • Posted on

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…
  • Jyoti Arora
  • Posted on

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…