Paying too much tax on your rental income? You might be missing out on significant savings! A 4-step formula from Chartered Accountant Nitin Kaushik can help you drastically reduce your taxable income, smartly and legally. Maximize Your Rental Income Deductions Here’s how to optimize your house property returns, from claiming property tax to home loan … Read more
Is your family considering splitting PG rental income between parents to save on taxes? It’s a common thought, but proceed with caution! While it might seem like a smart move to divide the income, experts warn that simply diverting rent without changing legal ownership can lead to trouble with the tax authorities. Let’s break down … Read more
Filing ITR for Rental Income in India: What the E-filing Portal Needs from You (FY 2024-25 / AY 2025-26) Good news for Indian taxpayers! While the e-filing portal continues to get smarter with pre-filled details from Form 16 and your Annual Information Statement (AIS), you’ll still need to provide crucial information, especially when it comes … Read more