by | Jun 12, 2022 | INCOME TAX
Deductions provided under Chapter VIA of the Income tax Act, cannot exceed the Gross Total Income (GTI). Income here means all the income accumulated in the GTI and reduced by the incomes mentioned below: Long term Capital Gain (LTCG) under section 112 of the...
by Anil Kumar Tenneti | Feb 3, 2022 | INCOME TAX
Investments / Payments / Incomes on which Individuals can get Tax Benefit -Section 24(b) – Deduction from Income from House Property on interest paid on housing loan & housing improvement loan. In case of self- occupied property, the upper limit for deduction of...
