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Computing income from house property is crucial for every taxpayer who owns a property in India. Under the Income Tax Act, 1961 , the...

The Hindu Undivided Family (HUF) concept, which is deeply rooted in Indian culture, is more than just upholding family values. It is also...

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Income tax notices for underreporting commission income often arise from mismatches between declared income and the data available with...

Leave Travel Allowance (LTA) is a valuable exemption available to salaried employees under Section 10(5) of the Income Tax Act . It...