11 Tax Deductions You Can Take If You Have Rental Income
If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...
Are Senior Living and Assisted Living Expenses Tax Deductible?
Tax time is stressful for everyone, but there may be some good news for seniors receiving medical care in their homes, assisted living communities or skilled nursing settings. Not every expense is tax ...
Tax Guru3d
Expenses Against Interest Income U/s. 57 of Income Tax Act, 1961: A Judicial Analysis
The Income Tax Act of 1961’s Chapter VI contains Section 80M. As a result, this deduction is permitted from the assessee company’s gross total income, which includes dividend income. Dividend income ...
Pre-budget outlook: How to make the new tax regime more enticing and simplify compliance
Increasing standard deduction would offset the benefits of exemptions available in the old tax regime, and revising tax slabs ...