Deserted streets, limited customers, no revenue generation, huge rentals and restricted operations have forced many outlets to put their shutters down permanently while many others are struggling to survive by retrenching staff and tightening their purse strings on several other expenses.
Can one claim both HRA and home loan benefits? This seems to be a confusing factor for most tax payers.
If your house owner does not have a PAN, you need not worry, as long as he/she is ready to sign a self declaration stating he does not have a PAN. You can submit a copy of this declaration to your employer and avail of the HRA deduction.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
Unless you are very knowledgeable, seek expert advice before making such a high-ticket investment, cautions Sarbajeet K Sen.
'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.
Under the I-T Act, if a person has more than one property, one of them may be treated as given on rent even if it is vacant
Officials say many politicians and retired bureaucrats make every effort to stay in these government bungalows.
Sunflower creates intrigue right from the start, and lives up to its potential, observes Prateek Sur.
Home buyers should look at smarter options before taking a loan.
'I realised that if we don't get relief from the government, I'll be faced with the prospect of either starving in Delhi, or starving in my village.'
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
The Enforcement Directorate on Thursday questioned Congress chief Sonia Gandhi in a money laundering case related to the National Herald newspaper and summoned her for a second round of questioning in the case on July 25.
Flooding this monsoon underscores the need to buy home insurance, says Tarun Mathur.
Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.
The 2G scam is a perfect occasion for us to travel a bit further and punish all those who could have prevented the fraud and yet chose to remain silent. Should we fail, we would have learned no lesson from the 2G scam, says M R Venkatesh.
Deduction on home loan interest cannot be claimed when the house is under construction
Women and members from the queer and transgender communities took out a protest march from Mandi House to Jantar Mantar here against the Citizenship (Amendment) Act on Friday. Cries of 'Halla Bol' and 'Azaadi' rent the air as they voiced their dissent against the law.
Right steps you can considerably reduce the tax outgo.
A look at different scenarios in which you can and cannot claim HRA.
The Central Vista revamp, announced in September, 2019 envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
We take the opportunity to bust a few myths
Finance Minister Arun Jaitley on Monday did not change tax slabs but offered a relief of Rs 3,000 to the salaried with income below Rs 5 lakh per year.
The government has been trying to make the tax laws simpler every year; however, there are numerous amendments required in the tax laws.
We take up for discussion the tax exemption you can claim from your house rent allowance.
'You will never be able to do any work for society if you wait to make enough money.'
The revamp, which was announced in September last year, envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is targeted to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Former Bigg Boss contestant Nora Fatehi invites us into her beautiful apartment.
Adar Poonawalla says it took a five-minute chat with his father Cyrus before making the decision to manufacture Covishield. The bet paid off, and handsomely. Serum Institute now has the capacity to make 4 billion doses of Covishield annually.
Let us evaluate various possible situations an individual can find himself in and understand what the Income Tax Act permits him to do.
'It will be normal, regular, everyday politics whether you like it or not.' That's what this country needs,' a New Yorker tells Payal Singh Mohanka.
Months after making history by winning America's Got Talent, Mumbai's V Unbeatable dancing crew is crumbling under the lockdown.
The reimbursement components of your salary require you to furnish bills before they become tax-exempt. Producing them may be difficult this year.
The issue of erecting fences along the international Indo-Bangla border was in cold storage for last several years.
House Rent Allowance (HRA), is an important component in most salary slips. Here are 7 must knows to help you utilise this component of your salary in a tax-efficient manner.
While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
While diligent paperwork helps claim tax benefits, with employers under pressure from the government, any lapse in documentation by an employee will lead to sharp cuts in salary.
Observing that amazing things have happened over the last 10 years, the former US President Barack Obama on Friday said that all this could be accomplished because of the hope and believe that his country had in him.
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