House Property

Persons who are involved in the business of rental of space in warehousing , often , get confused whether the income should be shown...

The deduction of interest u/s 24 of the Income Tax Act is allowed even when the house property is self occupied . It also...

It is well known that home loan interest is allowable u/s 24(b) of the Income Tax Act. It is also common among the home...

The home loan entitles a person so claim deduction of interest payable on the amount borrowed and utilized for the purpose of buying or...

Me and My husband have taken a home loan last year. It was a joint loan on a property. EMI is paid from my husband's salary account. Can I take tax benefits for it even though I am not contributing to paying EMI. The interest statement has names of both of us. Rashmi, Delhi Yes

This post suggesting tax planning is for those clients of yours who have more than one house and wants to save on tax on...

Do you know that one simple fault can restrict your interest deduction in case of self occupied house to Rs 30,000 from the maximum...

The income from house property is one of the five heads and as the heading suggest is for computing income from rent of a...