Taxation of Income From House Property Taxation of income from House property comes Under the head “Income from house property,” any income earn by an individual from a house property that own by them charge to tax. This income includes the rent receive from the property, and also any income earned from a property that… Read More »
Section 40B The conditions are as follows: 1.The payment of remuneration should be authorize by the partnership deed or agreement. 2. The remuneration provided should be reasonable in relation to the profits generated by the firm. It should be specifically directed towards a working partner 3. who actively participates in the firm’s business… Read More »
Under 18 and taxes in India? Under 18 and taxes in India: Yes, even if you are under 18 years old, you may still be required to pay tax in India if you have income that is taxable. The Income Tax Act, 1961, does not provide any exemption from tax liability based on… Read More »
