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 Section 40B of the Income Tax Act pertains to the deduction of remuneration paid to partners from the taxable income of a partnership firm. This provision outlines the guidelines and regulations regarding the treatment of partner’s remuneration for tax purposes. As per this section, the payment of interest, salary, bonus, commission, or… 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 »
