Read more about the article Understanding Rental Income Under Section 56(2)(ii) & Section 56(2)(iii) of the Income Tax Act
Details of Rental Income Taxation in India 2022 -2023

Understanding Rental Income Under Section 56(2)(ii) & Section 56(2)(iii) of the Income Tax Act

When it comes to rental income, a common question that arises is whether income from leasing or letting out commercial assets falls under "business income" or "income from other sources."…

Continue ReadingUnderstanding Rental Income Under Section 56(2)(ii) & Section 56(2)(iii) of the Income Tax Act
Read more about the article Maximizing Tax Deductions with Section 30: Rent, Rates, Taxes, Repairs, and Insurance for Business Premises
SECTION 30 INCOME TAX ACT

Maximizing Tax Deductions with Section 30: Rent, Rates, Taxes, Repairs, and Insurance for Business Premises

Managing expenses for business premises is crucial for every business owner and professional. Section 30 of the Income Tax Act provides a significant opportunity to maximize tax deductions related to…

Continue ReadingMaximizing Tax Deductions with Section 30: Rent, Rates, Taxes, Repairs, and Insurance for Business Premises