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Income from House Property and Income Tax Return

This article explains How to Fill Income from house property in Income Tax Return with rules and pictures. The Income Tax Act of India classifies income in five heads of which “Income from House Property” is one of them. It comprises of income earned by a person...

Joint Home Loan and Tax

This article talks about joint home loan, terms associated with joint home loan, tax benefits, tax savings and some FAQ. Terms associated with Joint home loan A joint home loan is a loan which is taken by more than one person. Coowner: means a person who has a share...

On Inheriting,Tax of Property,Mutual Funds,Shares,FD etc

When Mr Das inherited a bank fixed deposit after death of his father,he didn’t know who was responsible for paying tax on the interest? He was also not sure whether to continue with the account or to invest the amount in some other saving instrument.  The loss...

Tax and Income from Let out House Property

In our earlier article Tax : Income From House Property we had given an overview of  how to calculate Income From House Property, and Tax and Income From One Self Occupied property we discussed about tax and income from one house for self-occupied purpose i.e being...

Tax and Income From One Self Occupied property

In our earlier article Tax : Income From House Property we had given an overview of  how to calculate Income From House Property. In this article we shall consider the case of one house for self-occupied purpose i.e being used by the owner for residences and no other...

Tax : Income From House Property

In this article, we will give an overview of how to show income earned from the rent of a house i.e rental income which is Income From House Property. In the Union Budget presented on 1 Feb 2019, No tax on notional rent on Second Self-occupied house has been proposed....
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