23
Dec
Deduction of interest and principal payments - House property under the Income Tax Act
INCOME FROM HOUSE PROPERTY INCOME TAX ACT Deduction of interest and principal payments - House property under the Income Tax ActSection 24(b):-The maximum interest limit on a loan taken for a house property is 2,00,000/- provided all the following conditions are fulfilled!- →House property is self-occupied or vacant;→ Loans should…
Read more i s 31122022 (2).png)
12
Dec
Regular Income Tax Filers get Intimation from Dept for Non-filing: Know Why?
Regular Income Tax Filers get Intimation from Dept for Non-filing: Know Why?The regular taxpayers filing their Income Tax Return are now getting intimation from the Income Tax Department in case the process of filing returns of income is not completed yet. Moreover, the intimations even contain the status of filing…
Read more