Capital Gains
Save tax on profits earned from the sale of residential house by using section 54
Introduction Selling of property at a profit (capital gain) is a normal phenomenon. Soon as the profits are earned, the tax gets attracted. ...
Deductions
Can an individual claim tax deduction simultaneously for HRA and home loan interest?
Introduction This might surprise few taxpayers but the Income-tax Act allows a deduction for House Rent Allowance (HRA) as well as interest paid ...
Deductions
House Rent Allowance can be fully exempt
Introduction HRA or House Rent Allowance is an allowance paid by the employer to the employees to meet the cost of a rented ...
Deductions
Additional deduction under Section 80EE to small home buyers
Introduction In order to revive the real estate sector and to ensure housing for all, the Government allowed an additional deduction for interest ...
House Property
Deduction for Interest on Housing Loan
Introduction If you have taken a loan in respect of a house then apart from the house you own, you may be eligible ...