Setting off and carrying forward of losses According to the Income Tax Act, a person can opt for 'setting off and carrying forward of losses' for the losses that have been incurred. This provides some relief to the person who has incurred the losses. Setting off of losses Set off of losses means adjusting the losses [...]
Know About House Property and Taxes Purchasing a house is a time-consuming and hectic task. In this guide, we will help you understand all that you want to know while buying a house in a very easy and effective manner. There are three sections which will help you understand how to claim your tax deduction [...]
Home Loan and Deductions House Property Income is one of the tax heads of income, stated in Income Tax act. This is the only type of income which taxes existing income (except income from capital gains, other sourced incomes). Union government provides incentives as interest subventions, Income tax exemptions, and rebates. According to Section 23(2) (A) [...]
