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House Rent Allowance (HRA) is a common tax benefit enjoyed by salaried employees who live in rented accommodation. The benefit allows...

Reporting capital gains accurately is an essential part of filing Income Tax Returns (ITR) for individuals and businesses involved in...

When purchasing a home, the financial burden is not limited to just the down payment but extends to various other costs, including home...

The Income Tax system in India offers various exemptions and deductions for taxpayers, and one of the key areas is the treatment of...

Taxpayers in India are always on the lookout for ways to minimize their tax liabilities. Two common tax-saving mechanisms are the House...

In India, property owners are subject to tax obligations based on the properties they own. While most property taxes are straightforward,...

Home loans provide an excellent opportunity for taxpayers to save on taxes through Section 80C of the Income Tax Act . The principal...

When it comes to income tax deductions , many taxpayers are not aware that they may be able to claim a deduction for interest paid on...

Commission income and incentives are common forms of earnings for many individuals, especially those working in sales, marketing, and...

Gift income, particularly from relatives, is a topic that many taxpayers are unsure about. While it’s common to receive gifts on special...