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You do not have a TDS responsibility, unless the monthly rent exceeds Rs50,000
If you are paying the rent directly to the landlord and presuming that you are not subject to tax audit under the Indian tax law, you do not have a TDS responsibility for the rent paid unless the monthly rent exceeds Rs50,000
3 min read5 Feb 2018You can claim only `30,000 tax deduction if home loan is for house renovation
A borrower can claim deduction to the tune of `2 lakh only if the loan was taken on or after 1 April 1999
2 min read12 Aug 2015By taking joint home loan both borrowers can claim tax benefit
In case of joint ownership and thus jointly taking a home loan, tax benefit also doubles
2 min read30 Jul 2015DYK: You can claim exemption for both HRA and home loan
You can claim tax benefit for both, but only if you fulfil the conditions
2 min read14 Jan 2015DYK: No tax deduction on loan for under-construction house
Once it is ready, you can claim deduction for the interest paid during the pre-construction period
2 min read5 Sep 2014DYK: You can now save up to `36,050 in taxes
Budget 2014 brought cheer to many taxpayers, especially those who are servicing a home loan
2 min read23 Jul 2014Budget Wishlist | Tax incentives for affordable housing: QVC Realty
Budget Wishlist | Tax incentives for affordable housing: QVC Realty
1 min read21 Feb 2008Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared