Let us evaluate various possible situations an individual can find himself in and understand what the Income Tax Act permits him to do.
Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.
Employees who benefit from rent-free accommodation should pay heed to these new regulations, especially if they are in the higher salary brackets.
'I don't know when, but I definitely want to see myself there -- maybe doing some action sequences.''
Do you know that you can claim tax benefits on rent paid even while housing rent allowance is not a part of your salary? Get Ahead Tax expert Mahesh Padmanabhan tells you how, how much and under which section you can claim tax benefits.
Form 16 contains details of salary income, deductions, and exemptions.
While one can file an updated return, there are certain caveats, warns rediffGURU Mihir Tanna.
The revised draft of DTC has proposed some major changes for the taxpayers. However, the changes in the revised draft are far from being the bold changes envisaged in the earlier draft.
Hard-line Hurriyat Conference chairman Syed Ali Shah Geelani has asked Kashmiris to desist from allowing people from outside Jammu and Kashmir to stay with them as tenants.
The decision to improve the salary structure of officers at board level and below, along with supervisory staff, was taken at the Cabinet meeting presided over by Prime Minister Manmohan Singh.
After stiff resistance from its employees against a steep pay cut, National Aviation Company of India Ltd), which runs Air India, has come out with a fresh proposal to impose a 15-17 per cent cut on the total salary package.The total package includes basic salary, dearness allowance, house rent allowance and payments made under the productivity-linked incentive scheme . The cut, however, would not be applicable on 4000 employees.
Congress leaders Sonia Gandhi and Rahul Gandhi are majority shareholders of Young Indian with 38 per cent shares held by each one of them. They were questioned for hours by the ED in this case a few years back.
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
According to a study, there are several misconceptions regarding income tax.
Allowances and perks will be up to 50 per cent of revised basic pay. House rent allowance and retiral benefits are outside the basic pay limit. The report was presented to Heavy Industry Minister Santosh Mohan Dev by the Second Pay Revision Committee Chairman M Jagannadha Rao in New Delhi.
Our tax expert explains capital gains in response to our reader queries.
Tough times don't last, but tough people -- and smart financial strategies - do, says Ramalingam Kalirajan
Workers of the Maharashtra Navnirman Sena (MNS) confronted residents of a housing society in suburban Ghatkopar over allegations that Gujarati residents insulted Marathi-speaking families for eating non-vegetarian food. The incident, captured on video and widely shared on social media, sparked intervention from police and condemnation from a state minister. The MNS leader in the video accused the Gujarati residents of calling the Marathi-speaking families "dirty" for their food choices, a claim denied by a resident of the building. The incident highlights simmering tensions between language communities in Mumbai, particularly in the lead-up to civic elections.
Two men arrested for firing outside Bollywood superstar Salman Khan's residence in Mumbai had conducted a survey of his farm house at Panvel in adjoining Raigad district four days before the shooting incident, police said on Thursday.
Analysts at Bank of America Merill Lynch said that fears of inflation getting "generalised" are overdone, as only two sub-categories of fuel and light and housing (accounting for 22 per cent of the basket) have seen a price-rise above the headline 5.2 per cent.
It depends on the city and the rental being paid.
Tenants should primarily buy contents insurance. 'This covers personal belongings like electronics, furniture, clothes, and appliances against risks such as fire, theft, floods, and other natural calamities.
