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Municipal taxes are levies imposed by local governing bodies, such as municipal corporations or municipalities, to fund local...

Rent received in cash is a common occurrence for many landlords, especially in informal rental agreements. However, reporting rent...

Section 24(b) of the Income Tax Act is a significant provision for individuals who own a property and are paying interest on a home...

Filing your Income Tax Return (ITR) can seem overwhelming, especially when dealing with multiple documents that are essential for...

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...

Lease rental income is a common source of income for many property owners. Understanding how to properly calculate and report rental...

Exempt income refers to income that is not subject to tax under the provisions of the Income Tax Act of India. While this type of income...

Understanding how to report the income of a minor child is an essential aspect of tax filing for parents. Under the Indian Income Tax Act...

Co-ownership of property can have significant implications when it comes to filing taxes and reporting rental income. When multiple...